ENECHANGE collaborates with Daiwa Energy & Infrastructure on signing of construction contract for two new solar PV projects in Australia
ENECHANGE Ltd. (Head Office: Minato-ku, Tokyo; CEO: Tomoya Maruoka) is pleased to announce two additional solar power projects with Daiwa Energy & Infrastructure Co. Ltd. (Head office: Chiyoda-ku, Tokyo; President: Morimasa Matsuda; hereinafter “Daiwa Energy Infrastructure”), which our company supports in project development and operation are advancing to the construction phase. With this development, the total number of Australian solar projects under construction through collaboration between Daiwa Energy Infrastructure and ENECHANGE has now reached nine.
■Background
ENECHANGE aims to realize a sustainable society through "Promoting Decarbonized Energy Investment Overseas by Japanese Companies." Australia is setting ambitious targets for renewable energy adoption while accelerating decarbonization and leading Japan in initiatives such as storage battery installation projects. Additionally, Australia has advanced in electricity market liberalization, unbundling, and renewable energy adoption, making it an ideal country to gain insights into future challenges and business opportunities that Japan's electricity market may face. Therefore, ENECHANGE believes that its achievements in Australia will provide valuable feedback for Japan's electricity market and decarbonization efforts, contributing to the company's goals of promoting electricity market liberalization and a decarbonized society.
We will continue to promote innovation and investment in clean energy technologies and projects worldwide, aiming to accelerate decarbonization in the energy sector.
■Relationship with Daiwa Energy & Infrastructure Co. Ltd.
Daiwa Energy Infrastructure, a company responsible for investments in renewable energy and infrastructure sectors both in Japan and overseas under the Daiwa Securities Group, has invested as an LP in an overseas-focused decarbonized energy fund (hereinafter: the Fund) established by our group company. The company is now exploring investment possibilities in countries not initially covered by the Fund, and has chosen Australia as the target for further expansion of renewable energy investments and construction. ENECHANGE will support the company in promoting renewable energy investments, primarily through administrative coordination.
■Overview of the Project
| Acquisition company | NSW DEI INVESTMENT MANAGEMENT PTY. LTD (100% owned by Daiwa Energy & Infrastructure Co. Ltd. ) |
| Acquired company | Boorowa Solar Farm Pty Ltd |
| Seller | Canigou Australian Solar Energy Limited |
| Plant Location | Boorowa NSW, Australia |
| Installed capacity (planned) | 7.917/4.92(MWp/MWac) |
| Acquisition company | NSW DEI INVESTMENT MANAGEMENT PTY. LTD (100% owned by Daiwa Energy & Infrastructure Co. Ltd. ) |
| Acquired company | Geurie Solar Farm Pty Ltd |
| Seller | Canigou Australian Solar Energy Limited |
| Plant Location | Geurie NSW, Australia |
| Installed capacity (planned) | 7.535/4.7(MWp/MWac) |
■Our overseas renewable energy investment support business (Advisory Business)
Our Advisory Business is derived from the ENECHANGE Insight Renewables service (EIR), which provides information on renewable energy investment projects worldwide. In this business, we leverage the expertise and networks developed through the operation of EIR, as well as our experience in fund investment and management through group companies, to offer a wide range of services. These include research on electricity markets and systems in Australia and other countries, project sourcing using our network, and transaction support such as negotiations related to investments in target projects.
ENECHANGE Ltd.
ENECHANGE is an energy technology company that promotes a carbon-free society through digital innovation, with the mission of Changing Energy For A Better World.
Founded in 2015 and listed on the Tokyo Stock Exchange Mothers in 2020 (now known as the Tokyo Stock Exchange Growth Market, Securities Code: 4169), the company offers solutions across the entire energy retail value chain — including procurement, demand and supply management, retail and sales, and customer support — to meet the evolving needs of consumers and energy retailers in light of the “4Ds” of energy: Deregulation, Decentralization, Decarbonization and Digitalization.
Note : This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.