Project development photovoltaics in Japan

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Head Investment Management |
Energy & Infrastructure APAC

8 Managed Funds
3 Professional Article

Local know-how and expertise in the selection and development process are key to securing projects. The renewable energy sector in Japan has significantly changed over the last few years and presently offers a unique window of opportunity, with high Feed-in tariffs still available for government approved projects.

Track Record

  • The company offers comprehensive expertise in the area of solar investments. Since 2009, 23 solar projects have been realised with an installed capacity of 505 MWp and a transaction volume of EUR 1,312 million.
  • With more than 30 specialists in renewable energies Aquila Capital has a very strong operational infrastructure.
  • Ranked fourth in Solarplaza’s ranking of the 70 largest PV portfolios in Europe.
  • Aquila Capital has had a presence in the Japanese market since 2011. It has also concluded a cooperation agreement with a leading Japanese industrial partner and expanded its partnerships with local PV project developers.

PV-Markt Japan

Japan is the Second Largest Growing PV Market after China

  • Due to its high levels of sunshine hours, political will through initiatives to switch to renewable energy sources and its status as the fifth largest energy consumer in the world, Japan has become one of the world’s most important PV markets.
  • From 2013-2015, Japan ranked as the world‘s second largest PV market.1
  • In 2015 Japan accounted for 22% of global PV capacity expansion.2
  • 2016 estimates for newly installed capacity in Japan is expected to reach up to 14.3 GW.

Investment Strategy

  • The Japanese market as assessed by Aquila Capital is currently offering a unique climate for investment in PV projects. A new tariff system will take effect in April 2017 due to the high level of capacity expansion that has taken place over the past few years. Approved projects include a number of parks with high tariff levels which require additional capital for further development.
  • Aquila Capital’s established network of contacts in the Japanese solar market allows for direct access to a pipeline of attractive photovoltaics projects.
  • High demand for approved, fully permitted PV projects in Japan. A number of exit options are available at maturity.