Shizen Operations was selected as the asset manager for Nozomi Energy’s 300MWDC+ solar portfolio acquired in December 2024, the power plant management arm of Shizen Energy Group announced on February 13, 2025.
According to Norihiro Suzuki, Shizen Operations’ Director, services the company will provide include “detailed technical asset management services, not only covering financial aspects such as cash flow management and lender relations but also optimizing operations, managing performance, quantifying losses, and providing timely repairs and repowering proposals from a technical perspective.”
The portfolio consists of 12 power plants, between 1MWDC and 60MWDC each, operated under the feed-in-tariff (FIT) scheme. Japan Energy Hub research has shown it was likely acquired from PAG Renewables-linked entities. One of the assets, a 31.5MWDC power plant in Iwaki City, Fukushima Prefecture, will be converted to the feed-in-premium (FIP) and used for supplying power to JR East through an off-site PPA.
“This recent contract marks the first step towards further growth for Shizen Operations,” said Shizen. At over 300MW, the new contract accounts for approximately half of the 641MW cumulative asset management experience the company has to date according to the statement.
