Global Logistic Properties to invest US$82 million in Japanese rooftop solar

Facebook
Twitter
LinkedIn
Reddit
Email

Global Logistic Properties (GLP) has announced it will install solar panels on 305,000 square metres of rooftop space over 22 buildings in Japan, including Greater Tokyo and Osaka.

The modules will be provided by Yingli Green Energy, which are expected to generate a total of 29.6MWh, enough to power approximately 5,300 households each year.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Total investment has been estimated at JPY 7.4 billion (US$82 million) with GLP expecting to generate a levered IRR of approximately 17% on the investment.
 
Furthermore, GLP has qualified for the generous feed-in-tariff scheme, recently introduced by Japan’s Ministry of Economy, Trade and Industry. Under the programme, GLP will receive JPY40 (US$0.44) per kWh over a 20-year period.

A recent report from Frost & Sullivan demonstrated that the Japanese FiT increased the country’s solar market by 20% in 2012, and the country is likely to be the revenue leader in the Asia-Pacific region throughout 2012-2016.

Yoshiyuki Chosa, President of GLP Japan, said, “As a leading developer of large-scale, modern and environmentally-friendly logistic facilities, we are delighted to announce the launch of this exciting project. In addition to promoting renewable energy generation, the solar panels create a new revenue stream for GLP.”

Japan is also benefitting from a PV programme from mobile phone company Softbank which seeks to install PV arrays atop 1,000 residential rooftops in Japan. Homeowners will enter into a 20-year contract with Softbank whereby they will receive 15% of the revenues from the PV system. After the 20 year period, the homeowners will own 100% of the system.

The rooftop installations are scheduled to commence in April 2013 and include 12 properties in Greater Tokyo, five in Greater Osaka, one in Greater Nagoya, Western and Northern Japan, with two in Southern Japan.

The panels are expected to be fully operational by March 2014.

Read Next

September 16, 2025
Sunotec has launched Sunotec Nordic to spearhead solar and hybrid renewable project development across the Nordic region.
September 16, 2025
The SPPC has launched a request for qualifications for 5.3GW of new renewable power capacity, of which solar will account for 3.1GW.
September 16, 2025
Chinese polysilicon producer GCL-Tech has entered into a strategic financing agreement with Infini Capital, a globally renowned investment institution backed by a Middle Eastern sovereign wealth fund.
Premium
September 16, 2025
At RE+, industry leaders pointed to the resilience of the US solar sector, despite challenges brought by the 'One Big, Beautiful Bill' Act.
September 16, 2025
IB Solar is investing INR30 billion (US$340 million) in a 4GW TOPCon solar cell and module manufacturing plant in Jewar, Uttar Pradesh.
September 16, 2025
Two of the major European solar trade associations, the European Solar Manufacturing Council (ESMC) and SolarPower Europe (SPE), have called for EU policymakers to take measures supporting European solar manufacturing.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines