<p>The renewables unit of Portugal's largest utility, EDP, will start building its largest solar power plant in land-scarce Japan this year to sell power directly to a company, a senior executive said.</p>.<p>With the majority of its projects in Europe and North America, EDP Renovaveis SA (EDPR), is betting on power deals with companies to expand in the Asia-Pacific as it shifts focus from distributed solar installations to large projects.</p>.India's solar tech venture finalist in Prince William’s Earthshot Prize 2023.<p>"It is a 44 MW (megawatt) project, which, in Japan, essentially is a mega project," Pedro Vasconcelos, Asia-Pacific chief executive of EDPR, said, adding construction would begin in the next one or two months, with operations to start in 2025.</p>.<p>He declined to identify the company, however.</p>.<p>Major investments in renewable power projects in Singapore and Vietnam helped boost the firm's installed capacity in Asia Pacific to 1 gigawatt this month, doubling from February 2022, when EDPR took over solar firm Sunseap.</p>.<p>The Asia-Pacific forms about 6.6 per cent of the firm's total energy portfolio.</p>.<p>Vasconcelos said the company was not facing curtailments exceeding 5 per cent in Vietnam, its key regional market, in which it operates 500MW solar plants.</p>.<p>Solar power forms a quarter of Vietnam's installed capacity after a surge in investment in renewable power in the previous decade, but critics say regulatory uncertainty has crimped its potential.</p>.<p>Separately, Vasconcelos said EDPR and four members of a consortium had received conditional approval from Singapore's Energy Market Authority (EMA) to supply power from Indonesia's Riau Islands.</p>.<p>"The consortium aims to meet Singapore and EMA's target of 1 GW by late 2027, early 2028," he said, referring to annual imports of electricity.</p>
<p>The renewables unit of Portugal's largest utility, EDP, will start building its largest solar power plant in land-scarce Japan this year to sell power directly to a company, a senior executive said.</p>.<p>With the majority of its projects in Europe and North America, EDP Renovaveis SA (EDPR), is betting on power deals with companies to expand in the Asia-Pacific as it shifts focus from distributed solar installations to large projects.</p>.India's solar tech venture finalist in Prince William’s Earthshot Prize 2023.<p>"It is a 44 MW (megawatt) project, which, in Japan, essentially is a mega project," Pedro Vasconcelos, Asia-Pacific chief executive of EDPR, said, adding construction would begin in the next one or two months, with operations to start in 2025.</p>.<p>He declined to identify the company, however.</p>.<p>Major investments in renewable power projects in Singapore and Vietnam helped boost the firm's installed capacity in Asia Pacific to 1 gigawatt this month, doubling from February 2022, when EDPR took over solar firm Sunseap.</p>.<p>The Asia-Pacific forms about 6.6 per cent of the firm's total energy portfolio.</p>.<p>Vasconcelos said the company was not facing curtailments exceeding 5 per cent in Vietnam, its key regional market, in which it operates 500MW solar plants.</p>.<p>Solar power forms a quarter of Vietnam's installed capacity after a surge in investment in renewable power in the previous decade, but critics say regulatory uncertainty has crimped its potential.</p>.<p>Separately, Vasconcelos said EDPR and four members of a consortium had received conditional approval from Singapore's Energy Market Authority (EMA) to supply power from Indonesia's Riau Islands.</p>.<p>"The consortium aims to meet Singapore and EMA's target of 1 GW by late 2027, early 2028," he said, referring to annual imports of electricity.</p>