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

Trinidad given permission by the U.S. to pursue joint gas project with Venezuela

In a significant development, the United States has granted an amendment requested by the government of Trinidad and Tobago, paving the way for the joint development of an offshore gas project with Venezuela. This amendment allows for payments to Venezuela for any gas supplied…

US House passes new sanctions targeting Iran’s oil sector

The US House has passed new sanctions targeting Iran’s oil sector, which are expected to be integrated into a foreign aid package and likely approved by the Senate in the coming days. These sanctions aim to expand existing measures against Iran by targeting foreign ports, vessels, and refineries…

EU’s probe into China’s medical device procurement deepens EU-China rift

The European Union has initiated an investigation into China’s procurement practices regarding medical devices, further escalating tensions between the two entities. This action comes amid a series of measures aimed at addressing concerns about China’s trade policies, coinciding with President Xi…

Stay informed

error: Content is protected !!