Tekoma Energy was awarded feed-in-premium (FIP) for six solar projects in the 25th (FY2025’s second) solar auction, a company representative told Japan Energy Hub.
The projects, all being developed through the special purpose company (SPC) Solar Field 13, total about 7.8MWAC. They include ground-mounted projects in Akita Prefecture in the Tohoku TSO area (1.8MWAC), and Shimane Prefecture (two 2MWAC) and Okayama Prefecture (600kWAC and 850kWAC) in the Chugoku TSO area. The company also secured FIP for a 600kWAC floating project in Okayama.
The Akita and Shimane projects were awarded at 4 yen per kWh strike prices, which are used for calculating the actual premium each month, the ground-mounted Okayama projects at 5 yen per kWh and 6 yen per kWh, respectively, and the floating project at 6.9 yen per kWh. It is likely the projects will be monetized through PPAs.
Separately, in May 2025, Tekoma Energy announced it signed an off-site PPA for three power plants in the Shikoku TSO area totaling 4.5MWAC. It agreed to deliver their output to Toyota Group’s JTEKT via Shikoku Electric Power and aims to commission the assets in 2026.
Tekoma Energy, a Tokyo-based developer founded in 2013, is backed by HSBC Asset Management, which became a lead sponsor in June 2023, and ABC Impact, which announced in 2024 that it would invest $50 million.
