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Renewable Energy in Southeast Asia: Powering Sustainable FuturesRenewable Energy in Southeast Asia: Powering Sustainable Futures
Home » JAPEX and IINO Collaborate on Solar Power Project to boost RE
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JAPEX and IINO Collaborate on Solar Power Project to boost RE

Lakshita KapoorBy Lakshita KapoorDecember 12, 2024No Comments
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Meralco Invests in Solar and Grid Upgrades Amid Rising Earnings
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Japan Petroleum Exploration Co., Ltd. (JAPEX) and IINO Kaiun Kaisha, Ltd. have announced a partnership to develop solar power plants with a total capacity of 30 megawatts by 2030. Both companies signed a memorandum of understanding for the project, which aims to support emissions reduction goals.

The electricity produced from these solar plants will help IINO reduce greenhouse gas emissions from its buildings by using renewable energy. JAPEX is focusing on solar energy as part of its strategy to achieve net-zero emissions by 2050. IINO also plans to reach carbon neutrality by 2050 and reduce its Scope 1 and Scope 2 emissions by 75% by 2030.

The project is part of Japan’s broader push for renewable energy. Solar power plays a central role in the country’s energy transition. One example is the Sakai Solar Power Station in Osaka, which has a capacity of 13.7 megawatts. The Setouchi Kirei Mega Solar Plant in Okayama Prefecture is one of Japan’s largest, with a capacity of 235 megawatts, providing electricity to thousands of households. The Komekurayama Solar Power Plant in Yamanashi Prefecture, with 10 megawatts of capacity, integrates solar with advanced battery storage technology.

Japan is working toward its goal of achieving carbon neutrality by 2050 by increasing the share of renewables in its energy mix. Solar power projects, both large and small, are a key part of these efforts. While the specific locations for the JAPEX and IINO solar plants have not been announced, the companies aim to complete the project by 2030. The electricity generated will contribute to reducing emissions and support Japan’s clean energy goals.

IINO Japan JAPEX Projects solar power Southeast Asia
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