Image 1 of Investment in a solar PV project located in Numurkah, Victoria, Australia

Investment in a solar PV project located in Numurkah, Victoria, Australia

Capacity: Approx. 6.2MW

Investment Date: June 1, 2023

Scheduled Completion of Construction: November 2024

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  • Image 3 of Investment in a solar PV project located in Numurkah, Victoria, Australia
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We have purchased a 5 MW solar PV project located in Victoria from Green Gold Energy Pty. Ltd., a solar PV developer based in Australia. We have entered into an EPC contract for this project, which is in the ready-to-build phase and has already begun construction.

Image 20231201_a4.jpg of Investment in a solar PV project located in Numurkah, Victoria, Australia

Investment Highlights

The wholesale electricity market in Australia has been liberalized for over 20 years, and the government has introduced certificates for fossil-free electricity generation. With numerous successful business cases in Australia, we believe that the experience gained from these investments can be applied to our future business activities in Japan.

Future Actions

We intend to continue investing in similar projects while monitoring the electricity market for opportunities to expand our business activities in Australia. We will also actively explore projects and investment structures that appeal to global investors from a capital recycling perspective.

Posted on December 1, 2023