Environmental Infrastructure

In the aftermath of the Great East Japan Earthquake in 2011, Japan sought alternative energy sources to replace nuclear power. A Feed-in Tariff (FIT) scheme for renewable energy was introduced in 2012, and the spread of solar power generation accelerated. We took a major step forward in terms of promoting and expanding renewable energy by working with partners to establish a joint venture for solar power generation projects.

A number of issues have come into focus with the spread of solar power generation, such as fewer available sites for installing solar panels as well as their perceived negative impact on the environment. We therefore started to participate in the floating solar power generation business and explored new possibilities for renewable energy.

The global focus on renewable energy increased following the adoption of the Paris Agreement in 2015. We actively developed our renewable energy business overseas, including by participating in a floating solar power generation project in Taiwan. We also accelerated our solar power plant construction and operation business both in Japan and overseas.

We actively focused on renewable energy fields other than solar power generation, particularly biomass power generation. We not only constructed power plants but also established partnerships for energy management to maximize power generation efficiency as well as to manage and operate power plants owned by our customers. These efforts expanded the scope of our renewable energy business.