TOKYO : Japan’s largest power generator JERA mentioned on Wednesday it would spend 160 billion yen ($1.4 billion) to develop one gigawatt (GW) of solar power farms in Japan over the subsequent 5 years by becoming a member of with native power developer West Holdings Corp.
The transfer marks JERA’s entry into an area solar power market and comes as a part of its plan to develop its renewable power capability to 5 GW by 2025 from about 1.5 GW now to assist fight local weather change.
(*1*) Satoshi Yajima, JERA’s managing government officer, informed reporters.
Under the collaboration, JERA will ask West Holdings to construct solar power farms at about 7,000 websites, together with former JERA power plant websites, and can promote the electrical energy to company prospects searching for clear power.
JERA plans to purchase a minority stake in West Holdings later this 12 months, Yajima mentioned.
JERA, a thermal power and gas three way partnership between Tokyo (*5*) Power Company Holdings and Chubu (*5*) Power, holding about 70 GW thermal power capability, aims to obtain web zero emissions of carbon dioxide by 2050.
The two corporations can even think about creating solar power farms exterior of Japan, they mentioned.
West Holdings has developed about 65,000 solar power initiatives of round 2 GW in capability in Japan and Thailand.
($1 = 114.5500 yen)
(Reporting by Yuka Obayashi, Editing by Louise Heavens)