Century Tokyo Leasing Corp has acquired a 15% stake in French developer Ciel & Terre International in order to produce floating-solar technology, according to a report from Bloomberg Business.
While no financial terms were discussed, Ciel & Terre’s systems will serve as integral pieces of an expansion for Century Tokyo — which already boasts three floating PV plants in Japan, totaling 5.2MW of generation capacity.
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Floating solar systems place PV panels over bodies of water such as reservoirs or quarry lakes and is quickly becoming a a growing market force in Japan.