Tokyo Century Corporation and Downing have joined forces to establish a new direct joint venture. This partnership supports Tokyo Century’s renewable energy strategy across Europe. Today’s partnership is a strong position to serve the growing appetite for solar power across the United Kingdom. Tokyo Century expects this market to be key to its overseas growth.
The initial merger JV will focus on pre-construction solar projects that have already obtained critical grid interconnections and permits. The partnership focuses on projects that are shovel-ready. In doing so, it works to simplify, facilitate, and accelerate the deployment of solar energy solutions. Downing brings deep experience in project development, asset management, and operational innovation. His extensive local experience in the UK and northern Europe will be essential in ensuring the JV’s success.
Tokyo Century plans to use Downing’s proven solar asset management expertise to strengthen the company’s European business activities. This unique collaboration will produce an innovative integrated solar portfolio spread across about ten host sites by 2028. The measured, bipartisan approach encourages increasing renewable energy assets. Moreover, it further underscores the desperate need for detailed planning and deliberate execution to actually make these often visionary projects a reality.
The joint venture aims to establish predictable, enduring sources of revenue. It will build off of the UK’s successful contract for difference (CfD) scheme, providing a stable, long-term price signal for renewable energy investments. This economic model drives the market to make cleaner energy generation investments. This is a natural fit with both companies’ goals to increase adoption of sustainable energy solutions.
Tokyo Century has long recognized the UK as a key market for its burgeoning international renewable energy footprint. This joint venture with Downing is a significant step forward in our strategy. This enhances our presence in Europe’s rapidly expanding renewable energy market. This collaboration further underscores a deep commitment to scaling operations. It seeks to accelerate the transition to cleaner energy sources.