Osaka Gas and GPSS Holdings agreed to expand their partnership on small- and medium-sized solar projects, the companies said on April 22, 2025.
Under the agreement, the two companies established a 50:50 joint venture, GDsPJ2 LLC, that aims to build five solar power plants totaling about 7MW by February 2026. Construction is set to begin this month with support from METI’s FY2024 consumer-led solar power plant introduction subsidy. The power plants will not operate under the feed-in-tariff (FIT) or feed-in-premium (FIP) schemes.
The generated power is expected to be sold to Osaka Gas for resale to its retail customers or through corporate PPAs.
The expansion follows the two companies’ original partnership launched in June 2021 under which they established GDsPJ LLC to develop small- and medium-sized solar assets nationwide amid shortage of land suitable for larger-scale projects. The partnership’s first phase included eight non-FIT/non-FIP power plants totaling 9MW for a PPA with Tokyu alongside multiple FIT power plants.
GDsPJ and GDsPJ2 together hold 17 operational and under-development projects totaling 23MW. The companies also said in 2021 that they may expand their partnership into other technologies, including wind, geothermal, and hydro, in the future.
