Connect with us

Hi, what are you looking for?


Clean Power

SPI Solar To Jointly Develop 500 MW Capacity In Japan

China-based Solar Power has announced plans to enter the Japanese market through a joint venture with K.K. Uniroot to develop large-scale solar power projects.

Solar Power (SPI Solar) has formed a joint venture with K.K. Uniroot, a diversified Osaka-based corporation, to develop 500 MW solar power capacity in Japan. As per the agreement, SPI Solar will be responsible for project funding, construction, and equipment procurement. Uniroot will be responsible for land purchase and lease, acquiring all necessary regulatory approvals, and obtaining power purchase agreements from local utilities.

SPI Solar will be senior partner in the joint venture with at least 51% stake in it.

The solar power market has slowed a bit in Japan over the last few months, primarily due to concerns regarding offtake of electricity by the utilities, and the overall policy of the government that leans towards nuclear power instead of renewable energy. Still, significant opportunities remain to be exploited in Japan’s solar power market.

SPI Solar has been looking to enter new markets and has entered several agreements in the recent past to this end. It recently acquired Energiebau Solar Power GmbH, a European company involved in wholesale and distribution business of solar power products. SPI Solar also entered the wholesale supply business in Australia when it acquired 80% stake in Solar Juice Limited last month. SPI Solar also has grand plans to expand its portfolio in the Chinese solar power market. Late last year, the company signed a deal with with GD Solar to acquire 1.5 GW solar power projects. In March, the company secured a fresh line of credit worth $1.6 billion from 3 Chinese banks.


Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

Smiti works as a senior solar engineer at a reputed engineering and management consultancy. She has conducted due diligence of several solar PV projects in India and Southeast Asia. She has keen interest in renewable energy, green buildings, environmental sustainability, and biofuels. She currently resides in New Delhi, India.


You May Also Like


Honda has big plans for an EV future.


Although the current EV market appears to concentrate on the left-hand-drive markets of the USA, Europe and China, a significant number of earth’s citizens...


Can Japan play catch-up with the rest of the world's EV manufacturers? How will Tesla monopolize on Toyota's early wrong call to focus on...


Scientists reduce all-solid-state battery resistance by heating it. All-solid-state batteries are now one step closer to becoming the powerhouse of next-generation electronics as researchers...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.