Japan’s Top 50 Solar Portfolios
According to the analysts of RTS Corporation, Japan installed approximately 7 GW of solar capacity in 2017, about 50% of which was taken up by the utility-scale sector, followed by the non-residential and the residential sector. At the beginning of 2018, the Japan Photovoltaic Energy Association (JPEA) announced its renewed mission, “JPEA PV OUTLOOK 2050”, aiming for 200 GW of solar PV by 2025. The current installations represent over 50 GW, following an upward trend despite the dropping growth rates. Forecasts indicate an additional 17 GW of capacity being connected to the Japanese grid by the year 2020. This growth is, and will continue to be, bolstered by the increasing number of companies investing in solar to boost grid capacity. To identify the key solar asset owners in preparation for Solar Asset Management Asia 2019, we have compiled a list of top 50 solar portfolios in Japan.
| # | Company Name | Portfolio size(MW) | Projects | Type | Active region | Hokkaido/ Tohoku | Hokuriku/ Chubu | Kanto/ Koshinetsu | Kinki/ Chugoku | Kyushu/ Okinawa |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Orix Corporation | 750 | 116 | IPP | Japan | nd | nd | nd | nd | nd |
| 2 | GE Energy Financial service | 428.8 | 6 | Investor | Japan, other countries | 14 | - | 42 | 276.6 | 96.2 |
| 3 | SB Energy | 392.3 | 32 | IPP | Japan, Mongolia, India | 145.5 | 72 | 5.4 | 87.9 | 81.5 |
| 4 | Mitsui & Co. | 310.5 | 8 | IPP | Japan | 111 | 135.9 | 2 | 19.6 | 42 |
| 5 | Vena Energy | 290.9 | 16 | IPP | Japan | 139.4 | - | 127.7 | 21.4 | 2.4 |
| 6 | NTT Facilities Inc. | 279.5 | 81 | IPP | Japan | 20.6 | 32.8 | 115.01 | 48 | 63.1 |
| 7 | Japan Renewable Energy Corporation | 256.1 | 35 | IPP | Japan | 74.7 | 14.2 | 88.3 | 55 | 23.9 |
| 8 | Eurus Energy Holdings Corporation | 247 | 9 | IPP | Japan | 181 | - | 12 | 54 | - |
| 9 | Kun Umi Asset Management | 235 | 1 | IPP | Japan | - | - | - | 235 | - |
| 10 | Pacifico Energy | 227.4 | 4 | IPP | Japan | 56.9 | - | - | 74.3 | 96.2 |
| 11 | Canadian Solar (infrastructure fund) | 219 | 27 | Fund | U.S., Japan, Latin America, Australia, EMEA, South East Asia, India and China | - | - | - | - | - |
| 12 | Kyocera TCL solar | 215 | 63 | IPP | Japan | nd | nd | nd | nd | nd |
| 13 | Kyudenko | 192 | 90 | Investor | Japan | nd | nd | nd | nd | nd |
| 14 | Hitachi Capital | 176 | 29 | Investor | Japan | nd | nd | nd | nd | nd |
| 15 | X-ELIO | 172.8 | 6 | IPP | Japan | 91.1 | - | 65 | 16.7 | - |
| 16 | Mitsubishi Corporation | 167.5 | 5 | IPP | Japan | - | 80.9 | 18.4 | 55 | 13.2 |
| 17 | Daiwa House Industry (Daiwa Group) | 167.0 | 84 | IPP | Japan | 22.4 | 15.3 | 55 | 35.6 | 38.6 |
| 18 | Sparx | 165.5 | 18 | Investor | Japan | 45.3 | 7.7 | 100.3 | - | 12.2 |
| 19 | Crystal Clear Solar ( Joint venture of Sharp Y Fuyo Sogo Leasing) | 164.8 | 33 | IPP | Japan (Sharp: Japan Mongolia, Vietnam) | nd | nd | nd | nd | nd |
| 20 | ADVANTEC Co., LTD. | 151 | 25 | IPP | Japan | nd | nd | nd | nd | nd |
| 21 | Renova | 143.2 | 7 | IPP | Japan | - | 16.9 | 81.9 | - | 35.4 |
| 22 | Japan Asia Group Limited | 133.3 | 43 | IPP | Japan | 41.7 | 4.1 | 58.7 | 10.3 | 18.5 |
| 23 | Itochu | 129.0 | 4 | IPP | Japan | - | - | - | 63.2 | 65.8 |
| 24 | Obayashi Clean Energy | 128.0 | 43 | IPP | Japan | 22 | 18 | 24 | 64 | |
| 25 | Vitec Enesta | 126.8 | 45 | IPP | Japan | 60.8 | 36.3 | 9 | 14.6 | 2.8 |
| 26 | Marubeni Corporation | 120.2 | 10 | IPP | Japan, UAE | 65.1 | 50.5 | 4.6 | - | - |
| 27 | Ichigo Eco Energy | 111.4 | 39 | IPP | Japan | 18.3 | 1.8 | 46.91 | 33.7 | 10.77 |
| 28 | Saferay K.K. | 90.5 | 8 | IPP | Japan | 10.3 | - | 19.5 | - | 60.7 |
| 29 | SUN Holdings | 88.1 | 4 | IPP | Japan | - | - | 37.8 | 50 | 0.3 |
| 30 | Sojitz Corporation | 76.4 | 5 | IPP | Japan, Chile, Mexico | 9.14 | 12.9 | 41.6 | - | 12.77 |
| 31 | Nangoku Shokusan | 75 | 37 | IPP | Japan | - | - | - | - | 75 |
| 32 | Sinnippou | 70.9 | 37 | IPP | Japan | - | 70.9 | - | - | - |
| 33 | Takara Leben Infrastructure Fund (Takara Asset Management) | 69.5 | 25 | Fund | Japan | 1.8 | 3.1 | 54.8 | 7.8 | 2 |
| 34 | Sanko Real Estate | 66.2 | 23 | IPP | Japan, mainly in Mie | - | 66.2 | - | - | - |
| 35 | Sumitomo Corporation | 59.9 | 1 | IPP | Japan, mainy in Fukushima | nd | nd | nd | nd | nd |
| 36 | RJ Investment | 51.6 | 25 | Fund | Japan | 32.1 | 29.9 | - | 8.2 | 7.8 |
| 37 | Sonnedix | 51.3 | 3 | IPP | Japan, Chile, France, Italy, Puerto Rico, South Africa, Spain , UK | - | 51.3 | - | - | - |
| 38 | Takataya Corporation | 50.5 | 2 | IPP | Japan | - | - | - | - | 50.5 |
| 39 | Rakuten Trust | 50 | 1 | IPP | Japan | - | 50 | - | - | - |
| 40 | JX Nippon Oil & Energy Corporation | 42.7 | 17 | IPP | Japan | 7.4 | 7 | 4 | 12.8 | 13.1 |
| 41 | Pattern Energy | 39 | 2 | Investor | Japan, USA Mexico | - | - | 29 | 10 | - |
| 42 | Kanden Energy Solution | 36.7 | 5 | IPP | Japan | - | - | - | 36.7 | - |
| 43 | DMM.com | 36.4 | 17 | IPP | Japan | 1.8 | 8.6 | 9.6 | 6.8 | 9.6 |
| 44 | GTS Corporation (Grupo T-Solar) | 31.2 | 1 | IPP | Japan, India, Spain, Peru, US | - | - | 31.2 | - | - |
| 45 | Prime Road Group | 31 | 3 | Investor | Japan, Thailand | - | - | 21 | 10 | - |
| 46 | Tokyu Land | 30 | 7 | Investor | Japan | nd | nd | nd | nd | nd |
| 47 | Yorigami Construction | 30 | 1 | IPP | Japan | nd | nd | nd | nd | nd |
| 48 | SPCG | 20.6 | 1 | Investor | Japan | 30 | - | - | - | - |
| 49 | Shizen Energy | 33.1 | 23 | IPP | Japan | 6.4 | 1.1 | 5.2 | - | 14.8 |
| 50 | Kandenko | 26.5 | 7 | IPP | Japan | - | - | 6.25 | - | 20.25 |