JERA forms 1GW Japan solar partnership

• Deal with West Holdings Corporation aims to create at least PV projects over the next 5 years

JERA and also West Holdings Corporation (West HD) have today reached a heads of contract on an organization partnership to create solar power generation projects in Japan.

Amid calls to achieve a decarbonised society in 2050, solar energy generation, with its established innovation and also relatively short construction period, is an appealing near-term option for enhancing the mounted capacity of renewable resource in Japan, JERA stated.

Under the contract, JERA and also West HD will integrate their particular strengths in energy to accelerate the advancement of solar energy generation in Japan, to expand their renewable resource companies, and to contribute to accomplishing a decarbonised society.

The pair are presently discussing West HD prioritising the growth of solar power generation projects for JERA at new sites and also former JERA power plant websites in Japan.

They are targeting total development of at the very least 1GW over the next 5 years.

Likewise being considered is JERA's resources participation in West HD, as well as a power exchange in between both business, including solar energy.

Finally the collaboration will consider exploring joint solar energy generation company possibilities for 3rd parties in Japan as well as overseas.

JERA as well as West HD aim to get to a last agreement by the end of March this year.

If projects are created at the range stated in the arrangement, JERA will certainly turn into one of the largest solar power producers in Japan.

With an eye to revising up its renewable resource growth target of 5GW in 2025, JERA will continue to collaborate with various companies in Japan as well as abroad to increase the mounted capacity of renewable energy as well as to accomplish its objective of "JERA Zero CO2 Emissions 2050."

West HD, additionally looking toward 2025, has actually launched the "West Group Carbon Neutral Vision 2025" as well as is working to lower CO2 discharges throughout society.

West HD aims to be involved with 2GW in renewable energy generating capacity in Japan and overseas, concentrating on solar energy plants developed, created, and also sold by the West Group, solar power plants had by the West Group, huge solar energy plant renewal projects, and also the development and building and construction of solar energy plants in ASEAN countries.

With its partnership with JERA, West HD seeks to raise this target also higher.