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Japan’s Mitsui sells 679MW of solar and wind in Canada
Japanese trading corporation Mitsui & Co has sold its interest in a 679MW portfolio of operational Canadian wind and solar to Canadian infrastructure management firm Axium.
The C2C Power Wind & Solar Generation portfolio comprises 12 contracted plants across Canada with an enterprise value of CAD$1.9 billion (US$1.45 billion).
Mitsui’s renewables business, MIT Renewables Inc., offloaded its stake in the portfolio through a purchase and sale agreement with a new limited partnership led by one of the portfolio's existing partners, Axium.
Engie Canada Inc is also invested in the portfolio, which includes contracted plants in Ontario and British Columbia that started operations between 2007 and 2014.
This transaction is expected to complete in March 2020 after regulatory approval and after honouring an agreement where existing shareholders are entitled to first refusal.
In a release, the Japanese firm said that the divestment was “strategic asset recycling” and that “strengthening of the financial base continues to be one of [Mitsui & Co’s] key initiatives.”
The Japanese conglomerate is invested in solar via its renewables business but also through its financial institutions.
In July, Sumitomo Mitsui Banking Corporation, a subsidiary of Mitsui, agreed to upsize an existing loan in Jinko Solar from JPY5.3 billion (US$49 million) arranged in 2018 to JPY6.7 billion (US$62 million). In April, Canadian Solar subsidiary, Canadian Solar Projects K.K. expanded and renewed its credit facility with a syndicate of four finance leasing institutions led by Sumitomo Mitsui (SMFL) and in the same month, Sumitomo Mitsui Trust Bank invested ¥14.2 billion (US$127 million) in a 36.4MW PV development by Sonnedix in Japan.
Oct 30, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Grids, Japan, Canada, Asia, North America, mitsui, engie canada inc
Sunseap and also Facebook sign multi-year PPA for solar power
Vietnam with more than 168 MW, and solar projects in Cambodia, China, Taiwan, Japan, Thailand as well as
Apr 7, 2021 // Markets & Finance News, PPA, Facebook, Sunseap
BlackRock to sustain renewables in emerging markets with US$ 250m capital raising
support has actually been provided by the governments of France, Germany and Japan, along with the Grantham Environmental Trust and the Quadrivium Foundation. A
Jul 12, 2021 // Commercial, Markets & Finance News, Storage, BlackRock, Latin america, Asia, Africa, emerging markets, Climate Finance Partnership, Jochen Flasbarth
Australia's Tiwi Islands to host 2.8-GW solar-green hydrogen facility
the Asia-Pacific area, specifically in Singapore, Indonesia, South Korea and Japan, as well as hence develop a completely integrated green hydrogen production
Nov 1, 2021 // Plants, Large-Scale, Commercial, Solar to Fuel, Australia, hydrogen, Oceania, solar-green hydrogen complex, Green Energy Ventures
Sonnedix scoops 1GW Polish PV pipeline
European countries, in addition to its procedures in Chile, the US as well as Japan.
Sonnedix chief executive Axel Thiemann said: "The Sun Power Energy platform
Mar 8, 2022 // Markets & Finance News, Poland, Sonnedix, Axel Thiemann, Europe, Sun Power Energy
Japan's Lixil to develop 5-MW solar plant on roof of Thai factory
carbon dioxide (CO2) discharges of some 4,000 tonnes, Lixil price quotes.
The Japanese group aims to come to be carbon neutral by 2050, it kept in
Apr 12, 2021 // Plants, Large-Scale, Japan, Thailand, Asia, PV Power Plant, Lixil
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Feb 6, 2024
Sharp Doubles Down on Space, Tandem Solar
Analysts say the dual-track strategy pairs innovation with differentiation as Japan targets high-value PV leadership. Rising demand from space to ultra‑efficient
Nov 25, 2025 // Manufacturing News, Japan, Sharp, Asia
Showtime for photosynthesis
laser (XFEL) at the LCLS at SLAC National Laboratory, and at SACLA in Japan.
" With this technique, we obtain the overall picture of just how the entire
Jun 5, 2020 // Technology, Junko Yano, Berkeley, Vittal K. Yachandra, photosynthesis, Jan F. Kern, Nicholas K. Sauter
Japanese telecom giant NTT plots significant renewables play, partners Mitsubishi for clean tech
¥ 1 trillion (US$ 9 billion) to develop itself as a significant player in Japan's renewable resource market, releasing utility-scale generation and electrical
Jun 30, 2020 // Markets & Finance News, Japan, ENERGY STORAGE, UTILITY-SCALE SOLAR, Asia, investment, electric vehicles, mitsubishi, grids, ntt, transmission, distribution
Japanese Scientists Use Visible Light to Disintegrate CO2 With Effectiveness
environment. Now, a team of scientists from Nagoya Institute of Technology, Japan, have established a novel, easy to synthesize composite compound that makes it
Jun 22, 2021 // Technology, Japan, Asia, efficiency, CO2 reduction, global warming, Nagoya Institute of Technology
Hekla Signs PPA For 86-MW Sztum Solar Park In Poland
is a joint venture between private-equity house Griffin Capital Partners and Japan’s Kajima Europe. The firm controls some 1 GW of secured grid-connection
Aug 7, 2025 // Plants, Large-Scale, Commercial, PPA, Poland, Europe, pad-res, Hekla
JERA and Ryohin Keikaku Form Solar JV to Power MUJI Stores
Japanese power utility JERA Co Inc has teamed up with retailer Ryohin Keikaku Co Ltd (TYO:7453), operator of the MUJI brand, to launch a new joint venture focused on solar energy development. The company, named Muji Energy LLC, will aim to deploy around 13 MW of capacity within its first year of operation.
The initiative is designed to accelerate decarbonisation in Japan’s retail sector. Through JERA’s subsidiary, JERA Cross Co Inc, the environmental value generated by Muji Energy’s solar farms will be transferred to Ryohin Keikaku under a virtual power purchase agreement (VPPA). This mechanism will allow MUJI’s tenant stores to offset part of their electricity demand with renewable energy certificates, cutting reliance on fossil fuels.
The 13 MW of planned capacity is expected to cover approximately 20% of Ryohin Keikaku’s annual electricity use, equating to an estimated 8,000 tonnes of CO₂ emissions avoided per year. For a major Japanese retailer with a strong sustainability profile, the JV represents both a financial and environmental milestone.
Ownership of the new venture is tilted in favor of the retailer: Ryohin Keikaku holds 80% of Muji Energy, while JERA retains the remaining 20%. The structure reflects the company’s intent to take direct responsibility for its energy transition, while leveraging JERA’s technical expertise in renewable project development and grid integration.
The launch of Muji Energy aligns with a broader shift among Japanese corporates to adopt renewable procurement models such as VPPAs and onsite generation. It also complements JERA’s strategy to expand its renewable portfolio while supporting partners in meeting their decarbonisation commitments.
With this JV, MUJI is positioning itself as a pioneer among Japanese retailers in directly linking brand operations with dedicated renewable capacity, a model likely to gain traction across the region.
Sep 2, 2025 // Plants, Floating PV, Japan, Asia, vppa, jera, Ryohin Keikaku, MUJI Energy
Chubu Electric Plans 4MW Iwate Solar Trio
Power will develop three photovoltaic projects totaling about 4 megawatts in Japan’s Iwate prefecture. Construction is slated to start in June 2026, with
Mar 23, 2026 // Plants, Large-Scale, Commercial, Japan, Asia, distributed solar, project development, Chubu Electric, Iwate
KKR offloads X-Elio
by the end of 2023 throughout Spain, Italy, the United States, Australia, Japan as well as Latin America.
Additionally, X-Elio has more than 10GW of advanced
Mar 21, 2023 // Markets & Finance News, x-elio, KKR












