Peak Energy Buys Solar Projects in Japan for Expansion

• Peak Energy acquires 11MW solar projects across four Japan regions.
• Projects to supply corporate customers via long-term PPAs with fixed rates.
• Company expanding solar-plus-storage systems and BESS across Asia-Pacific.

Singapore-based renewable energy developer Peak Energy has purchased 11 megawatts (MW) of shovel-ready high-voltage solar developments in four regions in Japan in its ongoing expansion in the Japanese clean energy sector.

The developments, which will be in Chubu, Chugoku, Hokkaido and Kansai, will be completed in 2027 and are projected to produce over 13 gigawatt-hours (GWh) of renewable power every year. It is estimated that the output will save almost 6,000 tonnes of carbon dioxide emission annually, a humble equivalent of taking approximately 2,000 cars off the road.

The projects will sell electricity to corporate customers at long-term power purchase agreements (PPAs) with fixed prices, providing customers cost-savings and protection against energy priceIndeed volatility in the coming 20 years. The acquisition is part of the expanding presence of Peak Energy in Japan where it already co-owns a 28MW solar plant in Kyushu.

The company is also expanding in solar-plus-storage systems with its operations spread across onsite and offsite solar deployment and integrated battery energy storage systems (BESS). In Asia-Pacific, Peak Energy has over 200MW of solar assets installed or under development and 298 megawatt-hours (MWh) of BESS capacity deployed or under deployment.

Also Read: TotalEnergies ENEOS and Imerys Launch First Solar Project in Southeast Asia

The deal highlights the interest of Peak Energy in aiding the clean energy transition in Japan in which large-scale solar schemes are slowly being rolled out. In its quest to provide affordable and reliable green energy solutions, the firm is targeting to serve more corporate customers with renewable energy in the future years.

Peak Energy is a full subsidiary company of Stonepeak, an infrastructure-oriented investment firm with around 73 billion assets under management across the world.