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

September 8, 2021
Online retail giant Amazon has signed a 10-year corporate power purchase agreement (PPA) in Japan with Mitsubishi Corporation for the output from 22MW of solar PV plants. 
August 3, 2021
Solar developer Pacifico Energy has started building work on a 121MWdc solar project on the site of a former golf course in Japan, with juwi Shizen Energy hired as engineering, procurement and construction (EPC) contractor.
July 13, 2021
Solar PV capacity in Asia Pacific could triple to 1,500GW by 2030, with China driving deployment and Indonesia set to be the region’s fastest-growing market, according to Wood Mackenzie.
June 30, 2021
Japan’s eighth solar auction, for projects with a generation capacity of more than 250kW, has closed with bidders securing a total of 208MW.
PV Tech Premium
May 10, 2021
Andy Colthorpe takes a look at what’s happening and what’s expected to happen in the Japanese large-scale PV market, with data and analysis courtesy of RTS Corporation and interviews with Vena Energy Japan, Sonnedix Japan and Baywa Japan.
May 7, 2021
German agriculture group BayWa has said its renewables business saw an “unusually strong” start to the year, driven by high demand for solar modules and the sale of a PV plant in Japan.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK
Solar Media Events
December 1, 2021