Waaree Energies Limited, a solar PV developer & manufacturer, announced to develop 200MW of solar PV projects in Japan under certain feed-in tariff schemes. Part of its plans has been approved.
Waaree Japan KK had been setup in early 2014 with base in Tokyo for developing the Japan market for project development & PV Module sales. For Waaree Energies’ 44MW (AC) solar projects in Central Japan, it would receive the feed-in tariff with Tokyo Electric Power at 36 Yen per kWh. METI approval has been obtained for these projects & other approvals are being persued. The projects are scheduled for completion within the next 18 months.
Waaree Japan KK is persuing a pipeline of 200 MW in Japan for 2015. Japan is a key market for Waaree, India in addition to UK, Americas & Middle East regions for Waaree.