The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

Japan’s Daiwa partners with developer Solariant for 2.5GWh battery projects in southern US

By Jules Scully
LinkedIn
Twitter
Reddit
Facebook
Email
Solar power plant in Hokkaido, northern Japan, invested in by Daiwa. Image: Daiwa.

Renewables developer Solariant Capital and energy investor Daiwa Energy & Infrastructure (DEI) are collaborating to develop a portfolio of US solar and energy storage projects.

The partnership will first focus on developing California-based Solariant’s existing portfolio, which comprises more than 1GWac of solar and 2.5GWh of battery energy storage systems across the US Southeast and Southwest. The companies will also look to acquire other development-stage projects.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

DEI, which is part of Japanese financial service company Daiwa Securities Group, said it is committed to supporting Solariant’s development efforts with its financial resources. 

“With the current favourable environment for renewable energy in the U.S. driven by the recent administration’s aggressive climate goals and support from state and local governments, we believe this partnership is a great opportunity for DEI to expand our footprint into the US market,” said Morimasa Matsuda, CEO of DEI. 

Daiwa Securities previously set up a fund in 2018 to make investments in large-scale solar projects in Japan.

Solariant Capital managing director Daniel Kim said the partnership with DEI will help his company expand its operations into new markets.

This story first appeared on PV Tech.

22 October 2024
New York, USA
Returning for its 11th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
18 March 2025
Austin, Texas
The Energy Storage Summit USA is the only place where you are guaranteed to meet all the most important investors, developers, IPPs, RTOs and ISOs, policymakers, utilities, energy buyers, service providers, consultancies and technology providers in one room, to ensure that your deals get done as efficiently as possible. Book your ticket today to join us in 2025!

Read Next

May 29, 2024
Denmark-headquartered independent power producer (IPP) Ørsted and investment bank JP Morgan have closed a tax equity financing of US$680 million for solar and storage projects in the US.
May 24, 2024
The new tariffs on batteries from China will increase costs for US BESS integrators by 11-16%, consultancy Clean Energy Associates said, adding that new guidance around the domestic content ITC adder will make it easier to access.
May 24, 2024
Developer-operator Atlantic Green has enlisted system integrator Ameresco and clean energy manufacturer Envision Energy for a 300MW/624MWh BESS project in the UK.
Premium
May 23, 2024
The Kern County, California hybrid facility will have the capability to generate up to 2GW of solar power co-located with up to 2GW of battery energy storage system (BESS) capacity, spanning approximately 12,875 acres of privately owned land.
Premium
May 22, 2024
We hear from developers, IPPs and upstream battery sources about the US’ decision to massively hike tariffs on batteries and battery components from China.

Most Popular

Email Newsletter