Global renewable energy developer, service provider and distributor, BayWa r.e. has announced the successful sale of its Isohara solar farm in Japan to D&D Solar GK, a new venture set up between Osaka Gas and the Development Bank of Japan. The sale of the 35 MWp site in Kita-Ibaraki City follows the sale of the 11.9 MWp Izumi solar farm in December 2020 to D&D Solar GK as well. It will produce enough electricity to meet the average annual consumption of 15,000 households in Japan. The 57.8-hectare Isohara solar farm was designed and built by BayWa r.e. and achieved full operations in January 2021.
Osaka Gas aims to achieve its carbon neutrality in 2050. Likewise, DBJ supports actions contributing to the achievement of decarbonised society. Since entering the APAC region in 2015 BayWa r.e. has already delivered over 400 MW of renewable energy across solar and wind farm developments and large-scale commercial and industrial installations.
“This successful sale, so soon after our first, will enable us to continue our investment strategy of capital recycling in solar energy generation projects in Japan,” said Jean-Francois Rebeille, COO, BayWa r.e. “Isohara is our biggest project in Japan to date, and we have a third on schedule for 2023, in Kobe, which brings us to more than 100 MW of green energy in our pipeline and installed capacity,” he added.