Shizen JV gets govt backing for 3-MW roof solar project in Indonesia
- Japanese renewables designer Shizen Energy Inc revealed on Tuesday that a 3.1-MW roof solar project in Indonesia was picked to get financial backing from the Japanese Ministry of the Environment.
The project is being established by a joint venture with compatriots Alamport Inc and NiX Co Ltd. It entails the installment of 2 solar energy systems on top of fast-moving consumer goods and also printing manufacturing facilities in Karawang, Java Island, that are run by PT Kao Indonesia and also PT DNP Indonesia, local subsidiaries of Japan's Kao Corp (TYO:4452) and Dai Nippon Printing Co Ltd (TYO:7912), specifically. Both companies are additionally part of the global consortium.
Shizen anticipates to slowly commence building in December 2022, while commissioning is set for August 2023.
The Japanese financial support comes through the Financing Programme for the Joint Crediting Mechanism (JCM) Model Projects in FY2022, which can conceal to fifty percent of the preliminary investment costs.
