Nozomi Energy Wins Projects In Japan’s Decarbonisation Auction

Nozomi Energy, a Japan-focused renewables platform established by Actis, was recently selected as one of the winning companies in Japan’s first-ever long-term decarbonisation capacity auction. The company secured two battery energy storage system (BESS) projects, each with an initial installed capacity of close to 200MWh.

This announcement follows Nozomi Energy’s success in establishing an operational project portfolio of 100MW within 10 months of commencing operations. Japan aspires to achieve carbon neutrality by 2050. It targeted a renewable energy share of 36-38% of total power production by 2030. The company plans to double its share from the 2019 level. Nozomi Energy’s contributions are expected to play an important role in the nation’s green energy trajectory. The successful bid for two BESS projects underscores Nozomi Energy’s commitment to bolstering Japan’s renewable energy infrastructure and reducing carbon emissions.

These BESS projects are crucial for enhancing grid stability and facilitating the integration of renewable energy, aligning with Japan’s ambitious environmental and energy sustainability goals. Through these projects, Nozomi Energy reaffirms its role in supporting Japan’s transition to a sustainable energy future.

Jose Antonio Millan Ruano, CEO of Nozomi Energy, commented: “We are honoured to be a part of Japan’s path to decarbonisation and renewable energy adoption. Winning these projects in the capacity auction is a testament to our dedication and our contribution to Japan’s energy transformation.”