As the calendar inches towards the Solar Asset Management Asia Conference 2018, we review the top 30 solar asset owners in the Japanese market and reflect on the changes occurred, concerning the solar asset ownership in Japan over the last year.  

The Japanese solar PV market has experienced a significant expansion, primarily aided by the introduction of feed-in-tariff (FiT) scheme for renewables in July 2012. These tariffs have proven to be an effective vehicle to bolster growth in the solar industry by attracting a myriad of local and international investors. This article provides an overview of the top 30 solar portfolios in Japan and some additional insights into the changes in the solar asset ownership in the Japanese market over the last year. Overall, the data demonstrates that the market has continued to grow in terms of added megawatt capacity and the top 30 portfolios account for 14% of that growth.

The overview presented below comprises the 30 largest solar portfolios as per end of 2017. These portfolios represent a total of 4.7 GW, which is 1.1 and 1.4 GW higher than the cumulative capacity of the top 30 in 2016 and 2015 respectively. This indicates a capacity increase of approximately 40% in a mere span of two years (2015-2017).


# Operational
Porfolio
Owner
Total MWp Total projects Shared Ownership (%) Co-owned MWp Fully owned MWp Most plants in Largest plant Smallest plant Average plant
1 ORIX Corporation 520.0 520.0 - - -
2 SB Energy 390.0 30 77.66 215.5 174.5 Hokkaido, Tochigi(3) 111.0 1.2 13.00
3 Mitsui & Co. 336.6 8 100 231.6 105.0 Tokyo(1), Tottori(1), Aichi(1), Hokkaido(1), Fukuoka(1) 111.0 2.0 42.08
4 NTT Facilities Inc. 265.3 77 0 0.0 265.3 Ibaraki(11) 32.7 0.9 3.45
5 Equis Energy 249.9 16 Aomori(8) 36 2.4 15.62
6 Eurus Energy Holdings Corporation 247.5 9 0 0.0 247.5 Hokkaido, Fukushima(2) 115.0 4.0 27.50
7 Japan Renewable Energy 196.3 33 0 0.0 196.3 Ibaraki, Fukuoka(6) 16.8 1.0 5.95
8 Kyocera TCL Solar 166.9 58 100 97.7 69.2 - - - 2.88
9 Canadian Solar 163.0 25 49.7 0.6 6.52
10 Sparx 157.1 17 Hokkaido, Chiba, Ibaraki, Kumamoto(2) 22 0.42 9.24
11 Renova, Inc. 140.1 7 100 121.1 19.0 Shizuoka(2) 40.0 7.5 20.01
12 Daiwa House Industry 136.6 68 0 0.0 136.6 Fukuoka, Chiba, Shizuoka 22.6 0.09 2.01
13 Mitsubishi Corporation 136.3 5 100 136.3 0.0 Fukushima(2) 80.9 0.8 27.26
14 Sojitz Corporation 135.9 5 32 16.6 119.3 Aichi(2) 71.0 9.1 27.18
15 Smart Solar 135 - - - - -
16 Obayashi Clean Energy 129 40 Kagoshima(6) 24.5 0.5 3.23
17 vaitec solar energy 124 45 - - - 2.76
18 Japan Asia Group Limited 120.2 58 0 0.0 120.2 Hokkaido(11) 26.3 0.2 2.07
19 Itochu 115.6 3 Okayama, Ehime, Oita (1) 44.8 33.79 38.53
20 Tokio Marine Asset Management 111.0 20 100 111.0 0.0 Yamaguchi(3) Hokkaido(3) 19.5 1.1 5.55
21 C-tech Corporation 110.3 13 76.01 83.8 26.5 Aichi(6) 80.9 1.0 8.48
22 Ichigo ECO Energy 100.4 34 50 25.8 74.6 Hokkaido(11) 43.3 0.5 2.95
23 Pacifico Energy 97.0 3 0 0 97.0 Okayama(2) 40.3 26.5 32.33
24 Marubeni Corporation 90.4 9 0 0.0 90.4 Nigata(3) 48.7 0.649 10.04
25 Shibaura Group Holdings 77.4 35 0 0.0 77.4 Fukuoka(12) 23.0 0.5 2.21
26 Crystal Clear Solar 63.0 22 Fukushima(5) 13.9 1.0 2.86
27 Saferay K.K. 55.8 6 0 0.0 55.8 Fukushima(2) 19.8 0.7 9.30
28 Sonnedix Japan KK 51.3 3 Yamanashi(2) 46.8 2.2 17.10
29 Chopro 45.2 14 0 0.0 45.2 Nagasaki(12) 30.0 0.9 3.23
30 Sanko Real Estate CO,LTD 44.8 20 0 0.0 44.8 Mie(19) 15.4 0.3 2.24


Disclaimer: This overview is provided by Solarplaza International BV ("Solarplaza") as a service to its customers on an "as-is, as-available" basis for informational purposes only. Solarplaza assumes no responsibility for any errors or omissions in these materials. Solarplaza makes no commitment to update the information contained herein.

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Should you have any remarks, please contact Saori Minamino at saori@solarplaza.com or tel. +31 10 280 9198