EnergyWatch

Obton buys PV farm as first big move into Japan

The Danish solar investor has just taken over its first solar farm in Japan, but the company has big plans for the market, expected to grow substantially in coming years.

Photo: PR Obton

For an approximate price of DKK 750m (EUR 100.8m), Danish renewables investor Obton has just acquired Japan's 31.6MW Shirakawa photovoltaic facility with plans for the country to become the company's third largest market within three years, reports Danish business daily Børsen.

"I'll be disappointed if we aren't able to invest DKK 5bn in Japan within the next three to five years. We have just hired a country manager, and we hope to open a physical office in Tokyo with four to five personnel," says Obton Founder and Chief Executive Anders Marcus to the media.

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