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First Solar backs Japanese solar with US$100 million

First Solar Inc plans to invest approximately US$100 million in Japan to develop solar power plants.

The company will partner with Japanese companies to develop, construct, and operate solar power plants.

Japan could become one of the key solar markets due to its significant energy demand, with a government-set target to install 28GW by 2020. 

"Japan is adopting a progressive approach by incorporating clean, safe, renewable sources of power in its plans to address the gap created by idle nuclear power,” said James Hughes, CEO, First Solar. “First Solar has proven solutions to support Japan's vision of energy security and economic growth, and we will continue to invest here as part of our strategy to develop sustainable solar markets." 

First Solar has established a Japan operating subsidiary, First Solar Japan GK, and opened an office in Tokyo.

 

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Policy, investment and markets  •  Solar electricity

 

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