New York-based investment powerhouse Stonepeak, boasting a portfolio of over 16GW, has teamed up with Singaporean developer CHC to make a significant foray into Japan’s burgeoning renewable energy landscape. Securing a landmark 20-year contract in Japan’s inaugural Long Term Decarbonisation auction, the joint venture signals a bold commitment to sustainability and grid modernization.
The partnership’s immediate focus centers on deploying 1GW of battery energy storage systems (BESS) across Japan within the next five years. With an eye on facilitating Japan’s ambitious carbon neutrality objectives, while enhancing grid stability and reliability, Stonepeak and CHC are poised to play a pivotal role in the country’s energy transition.
By harnessing the potential of BESS technology, the collaboration aims to unlock new avenues for renewable energy integration, paving the way for a cleaner, more resilient energy future in Japan. As global momentum towards decarbonization accelerates, Stonepeak and CHC stand at the forefront, driving innovation and sustainability in the renewable energy sector.
Stay tuned as Stonepeak and CHC lead the charge towards a greener, more sustainable energy landscape in Japan and beyond.