Kajima has marked entry into the UK Renewables market by forming a joint venture with Low Carbon Alliance (LCA); a specialist consultancy supporting clients and partners in the identification and delivery of net zero strategies to decarbonise property sectors. The JV, Taiyo Power & Storage Limited (‘Taiyo’ – meaning ‘sun’ in Japanese), will develop a portfolio of ground mounted solar, solar and battery hybrid and stand-alone battery storage plants with a build-out value of £150m. Three initial projects are already in development in England, Scotland, and Wales.
Following the UK’s commitment for a Green Industrial Revolution and ambitions to reach Net Zero by 2050, Kajima are committed to pursuing sustainable investment and development opportunities, working closely with the Low Carbon Alliance team, who will provide operational management services including site origination, land negotiation and project development.
Chris Gill, Projects & Investment Director at Kajima, said: “This is another hugely exciting step in Kajima’s entry into the renewables sector, as we partner with experienced Net Zero specialists Low Carbon Alliance. We believe that moving into the solar and battery storage market is not only about making a long-term investment but also about taking responsibility and supporting the Green Industrial Revolution.
The UK government has set some of the most ambitious climate targets in the world, and we are thrilled to be able to start playing our part in the country’s vital transition towards clean energy, boosting the UK economy and protecting our environment for future generations.”
Simon Crowe, Managing Director and Founder of Low Carbon Alliance said: “As a company committed to supporting the real estate and energy sectors to significantly reduce carbon emissions, we are continually identifying new clients to work with. There has been a step change in sentiment to ESG and a real commitment to reduce carbon emissions since the global pandemic began, but much, more is needed if we are to achieve a global target of limiting warming to 1.5 degrees.
“We are delighted to be partnering with such a well-respected real-estate investor and developer in Kajima. We hope that this is just the beginning of a successful partnership in helping deliver both Kajima’s and the UK’s commitment to achieve Net Zero.”