Japanese trading company Sojitz and leading Japanese refiner Eneos have announced the successful launch of a substantial solar power plant in Queensland, Australia. This venture marks a significant step in the global trend of Japanese companies investing in renewable energy projects as part of their efforts to diversify portfolios and align with “net zero” targets while also gaining valuable overseas experience to reduce dependence on fossil fuels.
The Edenvale Solar Park, boasting an impressive capacity of 204 megawatts, initiated construction in June 2021 and was officially inaugurated on September 28th, as stated in a joint announcement by Sojitz and Eneos. While specific financial details were not disclosed, both companies hold an equal 50% stake in the joint venture responsible for operating the plant.
Notably, this solar power facility stands out as the largest of its kind in Australia, spearheaded by Japanese investors. It exemplifies the commitment of these corporations to renewable energy initiatives and aligns with the broader global shift toward cleaner and more sustainable energy sources, vital for combating climate change and reducing carbon emissions.
