Investment in a solar PV project located in Gunnedah, New South Wales, Australia
Capacity: Approx. 6MW
Investment Date: September 1, 2023
Scheduled Completion of Construction: April 2025
Related News
We have purchased a 5 MW solar PV project located in New South Wales from Canigou Australian Solar Energy Limited, a solar PV developer based in Hong Kong. We have entered into an EPC contract for this project, which is in the ready-to-build phase and has already begun construction.
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