Investment in a solar PV project located in Hay, New South Wales, Australia
Capacity: Approx. 6MW
Investment Date: March 15, 2024
Scheduled Completion of Construction: August 2025
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We have purchased a 5 MW solar PV project located in New South Wales from Obton A/S, a solar PV and BESS developer based in Denmark, and Canigou Australian Solar Energy, 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 November 22, 2024