Osaka Gas, JAG Energy to develop 17 MW of solar projects in Japan
Solar modules. Author: Marco Bellucci. License: Creative Commons, Attribution 2.0 Generic
Japanese energy companies Osaka Gas Co Ltd (TYO:9532) and JAG Energy Co Ltd announced that they are joining forces to develop 17 MW of solar power projects across Japan.
The duo is set out to work together on 47 new photovoltaic (PV) schemes in ten prefectures in the regions of Kanto, Chugoku and Shikoku.
These PV projects will not benefit from the country’s feed-in tariff (FiT) or feed-in premium (FiP) programmes.
JAG Energy, which is the energy unit of Japanese green infrastructure company Japan Asia Group Ltd (TYO:3751), said that the projects will be implemented through Sustainable Solar Way LLC, the 55/45 joint venture (JV) it established with Osaka Gas in March 2022.
The PV power plants are set to become fully commissioned by the end of February 2023. Osaka Gas will be the sole off-taker of their output, the partners pointed out.