Renova increases stake, commences operations on 80.8MW PV project in Japan

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
With the start of commercial operations at Karumai East,  the total power generation capacity of Renova’s power plants currently in operation sits at a total of 333.3MW. Image: Renova

Renova has put forward a majority stake and switched on a 80.8MW PV installation located in Iwate Prefecture, Japan. 

Once holding a 38.50% stake in the Karumai East Solar project, Renova increased that total to 69.25% off of the company’s latest measure to acquire equity interest. Following this transaction, NEC Capital Solutions Limited, Fuyo General Lease Co. and Sumitomo Mitsui Finance and Leasing Company each hold a 10.25% stake in the project as well. 

The installation, which commenced operations on 1 December 2019, was constructed by the Karumai East Solar T.K., an affiliate of Renova. 

With the start of commercial operations at Karumai East,  the total power generation capacity of Renova’s power plants currently in operation sits at a total of 333.3MW. The total power generation capacity of Renova’s power plants, including both those in operation and those under construction, has now expanded to 619.7MW.

The Karumai East Solar project, located near the town of Karumai-machi, will produce approximately 87,000,000 kWh of electricity annually, which stands as the energy equivalent of around 25,000 households. 

Read Next

April 21, 2022
Solar module suppliers Maxeon Solar Technologies and Canadian Solar have settled an agreement on a patent infringement lawsuit in Japan.
April 13, 2022
French energy major TotalEnergies and Japanese oil company Eneos have formed a joint venture (JV) to develop 2GW of decentralised solar capacity across Asia over the next five years.
April 12, 2022
Battery storage manufacturer NGK Insulators has invested in EneCoat Technologies, a spin-out of Kyoto University involved in the development of of perovskite solar cells.
February 4, 2022
Japan’s Jera Co, a joint venture between Tokyo Electric Power Group (TEPCO) and the Chubu Electric Power Group, and Japanese solar construction firm West Holdings Corporation (West HD) have agreed to develop 1GW of solar PV in Japan over the next five years.
January 21, 2022
Toronto-based renewables developer Amp Energy has closed on a US$350 million credit facility to advance on a global portfolio of renewables and battery energy storage assets.
October 25, 2021
The Cabinet of Japan’s government has approved a plan to raise the national target for renewable energy in the electricity generation mix to between 36% and 38% by 2030. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
October 4, 2022
New York, USA