Japan’s Sojitz, ENEOS establish large scale solar power plant in Australia

Japanese trading firm Sojitz and the leading Japanese refiner, Eneos, have inaugurated a significant solar power plant in Queensland, Australia, as announced in a joint statement. This initiative is part of a broader trend where Japanese companies are making investments in renewable energy ventures globally, aligning with their strategies to diversify their portfolios and achieve “net-zero” targets.

These endeavors abroad are meant to bring back valuable experience to Japan and reduce dependence on fossil fuels.

The Edenvale Solar Park boasts a capacity of 204 megawatts and construction began in June 2021, with the plant officially launched on September 28, although financial specifics were not disclosed. Sojitz and Eneos share a 50% stake in the joint venture managing the plant.

Notably, this solar power facility is the largest in Australia operated by Japanese investors, underlining their commitment to sustainable energy ventures beyond their home country.

QUATRO Strategies International Inc. is the leading business insights and corporate strategy company based in Toronto, Ontario. Through our unique services, we counsel our clients on their key strategic issues, leveraging our deep industry expertise and using analytical rigor to help them make informed decisions to establish a competitive edge in the marketplace.

Make strategic decisions with confidence!

Learn how we can support you in setting the right strategy in a fragmenting global economy.

Interested in learning more?

Sign up for Top Insights Today

Top Insights Today delivers the latest insights straight to your inbox.

You will get daily industry insights on

Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Canada’s Stelco preparing bid to acquire US Steel Corp

Stelco Holdings, Canada’s largest steelmaker, is reportedly exploring a bid to acquire U.S. Steel Corp, a significant American steel company. This move adds to the growing list of potential suitors for U.S. Steel Corp.

Baltic States cut final energy ties with Russia, join EU power grid

The Baltic states of Estonia, Latvia, and Lithuania have officially severed ties with Russia’s electricity grid, completing their long-planned switch to the European Union’s power system. The move, finalized on Sunday, marks the end of decades-long dependence on the Soviet-era energy network and strengthens the region’s energy security…

US Treasury to issue guidance on hydrogen subsidies post-COP28

The U.S. Treasury is set to issue guidance on hydrogen subsidies embedded in the Inflation Reduction Act (IRA) after the COP28 climate conference in Dubai, according to U.S. energy advisor John Podesta. The guidance is eagerly awaited by the industry, as it will outline how hydrogen…

Stay informed

error: Content is protected !!