Sun Village signed a memorandum of understanding (MoU) with Japan Infrastructure Fund Advisors for battery storage engineering, procurement, and construction (EPC) services and project sales.
Under the MoU signed on June 3, 2025, the fund will have exclusive negotiation rights to acquire grid-scale BESS projects developed by Sun Village in the Chubu and Kansai TSO areas. The asset management company will also consider converting the fund’s feed-in-tariff (FIT) solar plants in Kyushu to the feed-in-premium (FIP) scheme and co-locating them with storage to be built by Sun Village.
Japan Infrastructure Fund Advisors and the developer and EPC company will continue to discuss details of the arrangement.
According to its website, Japan Infrastructure Fund’s portfolio comprised 65 solar FIT power plants around Japan totaling 195MW as of December 18, 2024, with 10 of those totaling 28.8MW being in Kyushu.
Sun Village has been active in the solar industry since the start of the FIT scheme in 2012. Recently, it expanded into BESS development and EPC, and targets building 250 storage facilities totaling 500MW.
The MoU comes amid increasing interest in storage, seen as key to securing balancing capacity required due to the growth in intermittent renewables. FIT-to-FIP conversions and co-location of solar with BESS are also in the spotlight as economic curtailment of solar assets, in Kyushu in particular, is hurting returns of existing projects’ returns and an upcoming regulatory change will favor FIP assets over FIT assets in the curtailment order.
