- BayWa has sold its 2nd solar project in Japan, this one with 35 MW capacity
- The buyer is D&D Solar GK that has also purchased BayWa’s maiden solar project in the country, 11.9 MW facility in Izumi
- Having come online in January 2021, 35 MW Isohara Solar Farm is expected to generate enough clean energy to meet average annual consumption of 15,000 households in the country
Germany based renewable energy company BayWa r.e. renewable energy GmbH has sold its 2nd solar project to the same company within a span of 2 months in Japan. Back in June 2020, the company commissioned its maiden solar project in Japan with 11.9 MW capacity in Izumi (see BayWa Commissions Its 1st Solar Farm In Japan). In December 2020, it sold the 11.9 MW project to D&D Solar GK, a new joint venture between Osaka Gas and Development Bank of Japan (DBJ).
D&D Solar GK has been set up to purchase solar farms in the country to enable its parents Osaka Gas to achieve carbon neutrality by 2050 through 5 GW of renewable energy capacity globally, and for DBJ to contribute to decarbonization in the society through renewables as solar and wind.
The 35 MW Isohara Solar Farm in Kita-Ibaraki City entered commercial operations in January 2021 and is expected to produce enough clean energy to meet average annual consumption of 15,000 households in Japan.
“This successful sale, so soon after our first, will enable us to continue our investment strategy of capital recycling in solar energy generation projects in Japan,” said Jean-Francois Rebeille, COO, BayWa r.e Japan K.K. “Isohara is our biggest project in Japan to date, and we have a third on schedule for 2023, in Kobe, which brings us to more than 100 MW of green energy in our pipeline and installed capacity.”
As Japan moves to design and implement a strategy to meet its carbon neutral target by 2050, solar is expected to contribute majorly to the same. Till the end of 2020, Japan’s cumulative solar PV capacity reached 71.7 GW DC, with the addition of around 8.2 GW in 2020, according to RTS Corporation (see Japan Installed 8 GW DC New Solar Capacity In 2020).