Shizen Operations Inc., a subsidiary of Shizen Energy Group, has been assigned to manage asset operations for 312 megawatts (MW) of solar power projects in Japan. The projects belong to Nozomi Energy Co., Ltd., a renewable energy platform created by global investor Actis.
Shizen Energy stated that the agreement covers 12 solar projects acquired by Nozomi Energy in December 2024. With this deal, Shizen Operations now oversees a total renewable energy capacity of around 641 MW. Nozomi Energy was launched as a platform for renewable energy investment and project management in Japan. Actis, which focuses on infrastructure and energy investments, established the platform to expand its presence in the country’s energy sector.
Japan has been increasing its renewable energy capacity through various projects. Solar power remains a central part of this expansion, with land-based and floating solar farms being developed. The Yamakura Dam floating solar farm is one of the largest in the country, using water surfaces to generate power without requiring land.
Offshore wind energy is also growing. The Japanese government has identified several locations for offshore wind farms, including projects near Akita and Chiba prefectures. These developments aim to utilize Japan’s coastal areas for power generation.
Japan is also exploring biomass energy, using organic materials such as wood pellets and agricultural waste to generate electricity. Biomass power plants are being constructed across the country, operated by private companies and local governments.
Hydrogen energy is another area of focus. Japan has been working on hydrogen production and storage facilities. Some projects aim to use hydrogen as a power source for industries and transportation.
