Kajima Europe has entered the UK solar and battery storage market through a partnership with Low Carbon Alliance.
The companies have launched Taiyo Power & Storage to initially develop a £150m (€175m) renewable energy portfolio.
Taiyo’s projects, which include ground-mounted solar, solar and battery hybrid and stand-alone battery storage plants, are already in early development stage in England, Scotland and Wales, Kajima said.
Kajima said the latest venture follows its recent move into the Polish renewables market, with the acquisition of clean energy developer Pad Res, in partnership with Griffin Real Estate.
Chris Gill, projects and investment director at Kajima, said: “This is another hugely exciting step in Kajima’s entry into the renewables sector, as we partner with experienced net zero specialists Low Carbon Alliance.
“We believe that moving into the solar and battery storage market is not only about making a long-term investment but also about taking responsibility and supporting the green industrial revolution.”
Simon Crowe, managing director and founder of Low Carbon Alliance, said: “As a company committed to supporting the real estate and energy sectors to significantly reduce carbon emissions, we are continually identifying new clients to work with.
“There has been a step change in sentiment to ESG and a real commitment to reduce carbon emissions since the global pandemic began, but much, more is needed if we are to achieve a global target of limiting warming to 1.5 degrees.”
To read the digital edition of the latest IPE Real Assets magazine click here.
