Japanese solar financier, developer and operator Shift Energy Japan (SEJ) has contracted solar software service provider Solargis to provide its satellite based solar data and PV simulation services for the company to evaluate feasible project pipeline in Japan and Southeast Asia.
SEJ claims a growing project pipeline of distributed solar PV projects of 100 kW to 1 MW capacity in the corporate and industrial (C&I) segment in Japan. Solargis' software is aimed by SEJ to provide sophisticated solar data and accurate simulations to lend certainty about its current and projected returns.
On completion of the projects, Solargis will continue to supply its satellite-based solar irradiance data to monitor and assess project performance.
"It is paramount in our business that we can measure viability and risks associated to investments," said SEJ Deputy General Manager Louis Klépal. "There is real potential for distributed solar power in Asia and, in Japan, we hope to answer to the growing needs of the population. Projects must be carried out in a sensible way with scientific insights, which is what Solargis continues to bring to the table throughout the lifespan of our projects."
For Slovakia based Solargis that offers this data to advanced large-scale PV projects globally, this deal brings its 'high resolution accurate data' to the distributed solar space.
In a country like Japan where land is in short supply, distributed solar projects are looked up to by C&I users to meet their clean energy demand. Feasibility of such solar projects with their simulation data can lend a certainty to financial returns projected, said Solargis.
"SEJ is not alone in facing the challenges that arise from developing and operating solar projects in Japan," explained Solargis CEO Marcel Suri. "The country's terrain is unique and requires sophisticated solar data and accurate PV simulations, so that investors and lenders can be certain about their current and projected returns."
In April 2022, Solargis provided 10-year solar irradiance analysis across key markets of India, North America and Australia that it claims can impact a project's financial prospects if not factored in (see 10-Year Solar Irradiance Analysis For Key Markets).