The German asset manager has completed the divestment of its second solar project in Japan.
The Japanese group — which develops solar projects and provides PV systems solutions, in addition to EPC and O&M services — has warned of “substantial doubt” over its “ability to continue as a going concern,” largely due to the decline of its nuclear business in the U.S.
The Japanese equipment provider reported a profit of JPY 151 million ($1.3 million) for the first half of the current fiscal year. Revenue grew 231.3% year-on-year to JPY 2,227 million ($20.0 million).
The developer of home batteries has attracted half a million pounds’ worth of equity investment from Tokyo Electric Power Company Holdings to aid its market expansion.
The Japanese electrical equipment supplier provided the battery to Taiwan Power Research Institute, which will pair the system with variable renewables such as solar in a pilot project.
The Chinese solar power company has signed an inaugural dual-tenor green project bond with Goldman Sachs Japan to aid the construction of its Gunma Aramaki solar power plant.
The JPY 4 billion credit facility with Japan’s Sumitomo Mitsui Finance and Leasing Company will be steered towards solar project development in the country.
The U.S. private equity firm has announced more than $120 million of additional investments in the Japanese solar market.
In the wake of 2011’s Fukushima nuclear disaster, Japan’s electricity sector underwent a complete overhaul, and has now reached a milestone. It is determined to usher in more renewables and a policy push is set to assume a vital role.
The Japanese clean energy developer has broken ground on a new large-scale installation in Tochigi Prefecture – one of three such projects the company is embarking on in the region.
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