Spanish Firm to Invest $1 bn in Solar Energy in Japan

By daijiworld:

Spain’s Gestamp Solar plans to invest nearly 90 billion yen ($1.16 billion) in solar plants and panels in Japan over the next three years, the company said Thursday.

In its foray into Japan’s renewable energy sector, Gestamp Solar has signed an accord with Kankyo Keiei Senryaku Soken to build and operate rooftop photovoltaic installations with a capacity of 30 MW.

The two companies have set a goal of achieving 300 MW in generating capacity within three years through a combination of rooftop and ground-mounted projects, Gestampo Solar CEO Jorge Barredo said in a press conference in Tokyo.

Of that capacity, 70 percent over the long term would come from rooftop projects, Barredo said, adding that that goal is “realistic and achievable… Read more

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