Peak Energy expands Japan footprint with acquisition of 11 MW of high-voltage solar assets
Solar projects to come online by 2027 and enable corporates in Japan to decarbonize operations and save costs.
SINGAPORE and TOKYO, June 13, 2025 /PRNewswire/ -- Peak Energy, a pan-Asian renewable energy developer and Independent Power Producer (IPP), has acquired 11 MW of ready-to-build (RTB) high-voltage solar projects across Japan.
Located in four different regions of Japan (Chubu, Chugoku, Hokkaido and Kansai), the projects are scheduled for completion in 2027 and are expected to generate more than 13 GWh of clean electricity each year for several decades, thereby avoiding nearly 6,000 tonnes of CO₂ emissions annually, equivalent to removing around 2,000 cars from the road.
The electricity produced from these sites will be sold to corporates through long-term power purchase agreements (PPAs), at fixed prices, allowing customers to make immediate savings on their electricity bills and to shield themselves from fluctuations in electricity tariffs for 20+ years.
This transaction also marks another milestone in Peak Energy's rapid growth in Japan, where the company already co-owns a 28 MW plant in Kyushu and is actively expanding activities across a range of energy services, including onsite solar, offsite solar and collocated solar + battery energy storage systems (BESS). Across the Asia-Pacific region, Peak now owns over 200 MW of solar projects in operation or under construction, along with 298 MWh of battery energy storage capacity in operation or under construction.
"This acquisition reinforces our long-term commitment to Japan," said Gavin Adda, CEO of Peak Energy. "Combined with our broader pipeline of high-voltage assets, it will support our mission to deliver clean, affordable and reliable energy solutions to businesses nationwide."
"Given how slowly new supply of large-scale solar capacity is coming on stream in our country, we are excited that we will be able to provide our corporate customers with clean energy within the next couple of years," added Eiji Sato, Country President of Peak Energy in Japan.
About Peak Energy
Headquartered in Singapore, Peak Energy develops, owns, and operates renewable energy assets across Asia. Peak Energy delivers clean, affordable, and reliable power solutions to corporate customers through a diverse range of business models, including utility-scale solar, off-site and on-site corporate PPAs, and battery storage. Peak currently owns over 200 MW of operating assets across the region, including 28 MW in Japan. Peak Energy is wholly owned by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, with approximately USD 73 billion in assets under management.
Media ContactPeak Energymedia@peakenergy.asia www.peakenergy.asia
Peak Energy Japan Contactinfor.pej@peakenergy.asia
View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/peak-energy-expands-japan-footprint-with-acquisition-of-11-mw-of-high-voltage-solar-assets-302480407.html
SOURCE Peak Energy
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
Corner Bakery Cafe® Brings Fresh Flavors to Irvine with Grand Opening of New Location
IRVINE, Calif., June 13, 2025 /PRNewswire/ -- Corner Bakery Cafe® is excited to announce the grand opening of its newest Southern California location at 13652 Jamboree Rd. in the heart of Irvine on Monday, June 16. This marks the brand's 30th location in California, bringing its signature made-to-order breakfasts, gourmet sandwiches, savory soups, and handcrafted salads to one of Orange County's most vibrant and fast-growing communities. To celebrate the grand opening, the first 100 guests in line will receive a branded Corner Bakery travel tumbler along with free coffee refills for a year, the perfect way to fuel busy mornings in this bustling city. Opening-day guests will also have the chance to enter an exclusive raffle for their choice of Free Paninis for a Year or a Free Corner Classic Order for a future gathering. The raffle winner will be selected the next day and contacted by a member of the Corner Bakery Catering Team to select their prize. Adding to the festivities, a live DJ will be spinning throughout the day, and guests can try their luck at the Spin the Wheel station for a chance to win free Corner Bakery coupons and prizes—making this a true community celebration. "Irvine is an exciting, fast-growing market that aligns perfectly with the Corner Bakery experience—offering fresh, craveable menu items in a warm, welcoming atmosphere," said Erin Hasselgren, president of Corner Bakery Cafe. "We are thrilled to open our doors and look forward to becoming a favorite neighborhood spot." A great alternative to fast food fare, Corner Bakery Cafe offers guests an elevated café experience rooted in quality, comfort, and convenience. The Irvine opening marks a continuation of Corner Bakery's national investment in corporate café expansion. It joins recent openings at Union Station in Chicago and Capitol Hill in Washington, D.C., as well as the highly anticipated re-opening of the Accenture Tower location in Chicago. These strategic moves underscore the brand's commitment to growth and revitalization across key U.S. markets. With its newest café in Irvine set to officially welcome guests, Corner Bakery Cafe continues to deliver on its promise of thoughtfully prepared food served in a welcoming neighborhood atmosphere—an ideal destination for breakfast meetups, coffee breaks, working lunches, or catered events. Following the grand opening, the Irvine Corner Bakery Cafe will operate seven days a week from 7:00 a.m. to 9:00 p.m. For more information, visit or follow Corner Bakery CafeⓇ on Facebook, Instagram, LinkedIn or TikTok. *Pricing and availability vary by location. ABOUT CORNER BAKERY CAFE Corner Bakery Cafe is a fast-casual restaurant serving kitchen-crafted breakfast, lunch, dinner and catering to guests in 18 states and Washington, D.C. In 1991, inspired by great fresh ingredients, the small neighborhood bakery on a corner in downtown Chicago began creating artisan breads and freshly baked sweets. For the last 33 years, Corner Bakery Cafes have been a neighborhood favorite. Founded on a philosophy of creating a warm and comfortable place for people to relax with friends, family and neighbors, the restaurants feature artisan-inspired, seasonal menu options made with fresh ingredients, while delivering a premier bakery experience in the heart of neighborhoods across the nation. Guests' favorites include the crave-worthy Anaheim Scrambler for breakfast, the grilled-to-perfection Chicken Pomodori Panini for lunch, the kitchen-crafted Pesto Cavatappi pasta for dinner and a slice of rich, flavorful Cinnamon Creme Cake for a sweet treat. The catering menu includes freshly scrambled eggs and Berry & Almond Overnight Oats, baskets of assorted specialty sandwiches, signature pastas and hot and delicious soups. Corner Bakery Cafe is owned by an affiliate of SSCP, a Dallas-based enterprise and an award-winning leader in the restaurant industry. To learn more, visit or follow Corner Bakery CafeⓇ on Facebook, Instagram, LinkedIn or TikTok. View original content to download multimedia: SOURCE Corner Bakery Cafe Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
39 minutes ago
- Yahoo
Currency ETFs to Play With Dollar on the Ropes
The greenback is on a gradual decline, amid mounting uncertainty over the Trump administration's unpredictable tariff policies, which are fueling investor anxiety and weighing on the greenback's outlook. The U.S. Dollar Index (DXY) has been trending downward since its early January peak. According to TradingView, DXY has fallen 3.83% over the past month and 9.85% year to date. Increasing volatility in the world's biggest economy has decreased investor appetite for U.S. assets, exerting pressure on the country's economy and the greenback. A redirection of funds away from the United States reduces demand for the greenback, weakening it as a result and reducing its value. Below, we take a closer look at additional factors driving investors away from the greenback. De-dollarization efforts in Asia are gaining pace, driven by a combination of geopolitical volatility and a growing preference for currency hedging across the region. According to ING FX strategist, Francesco Pesole, the Trump administration's unpredictable trade policies and the greenback's depreciation are likely driving the transition away from the dollar, as quoted on CNBC. According to CNBC, the dollar's share in global foreign exchange reserves fell to 57.8% in 2024 from over 70% in 2000. Per Lin Li, head of global markets research for Asia at MUFG, as quoted on CNBC, a growing number of Asian nations are shifting toward local currencies in cross-border trade as they look to minimize exposure to dollar volatility. Along with ASEAN economies, BRICS nations such as India and China are advancing their own cross-border payment systems. According to Nomura, as quoted on CNBC, de-dollarization is gaining pace as Asian investors increasingly hedge their greenback exposure. By hedging their dollar exposure, investors sell the greenback and purchase local or alternative currencies, boosting demand for those currencies and strengthening them relative to the dollar. Relative to the greenback, the Euro surged to its highest level since 2021 as investors saw it as a safe haven amid persistent geopolitical risks and concerns over the U.S.-China trade deal. According to Reuters, the euro's strength was partly attributed to a hawkish ECB stance, while traditional safe havens like the Swiss franc and Japanese yen also gained ground. Softer-than-expected U.S. inflation data boosted investor confidence that the Fed could begin cutting interest rates as early as September, according to Reuters. Per the CME FedWatch tool, markets are anticipating a 72.7% likelihood of a rate cut in September. The value of the greenback is closely related to the Fed's monetary policies. The greenback's value tends to move inversely with interest rate adjustments by the Fed. Interest rate cuts by the Fed make the dollar less attractive to foreign investors, as this weakens it. The dollar approached a 2025 low as investor demand shifted away from the greenback amid escalating geopolitical tensions, after the United States ordered some embassy staff to leave Baghdad and authorized military families to exit the Middle East, following Iran's threat to target U.S. bases if nuclear talks break down. Investors can look to hedge themselves, especially in the short term, against the likelihood of the greenback depreciating, and diversify their portfolios by increasing their exposure to the following mentioned funds. WisdomTree Emerging Currency Strategy Fund employs an active strategy and provides exposure to various emerging currencies worldwide relative to the U.S. dollar, making it a quality fund to invest in. The fund has exposure to the currencies of South Africa, Mexico, South Korea, Brazil, Indonesia and Turkey, which comprise the top six countries, among others. CEW charges an annual fee of 0.55%. WisdomTree Emerging Currency Strategy Fund has gained 4.45% over the past three months and 7.03% over the past year. Invesco DB U.S. Dollar Index Bearish Fund offers exposure to a basket of currencies relative to the greenback, rising when the dollar depreciates. UDN is an appropriate option for investors with a bearish outlook on the U.S. dollar. Invesco DB U.S. Dollar Index Bearish Fund has gained 8.67% over the three months and 7.40% over the past year. UDN charges an annual fee of 0.78%. Investors with a bearish outlook on the U.S. dollar can also consider the following funds that provide exposure to the basket of currencies tracked by the U.S. Dollar Index, relative to the greenback, rising when the dollar depreciates. Investors can consider Invesco Currencyshares Japanese Yen Trust FXY, Invesco CurrencyShares Euro Currency Trust FXE and Invesco CurrencyShares Swiss Franc Trust FXF. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Invesco CurrencyShares Japanese Yen Trust (FXY): ETF Research Reports Invesco CurrencyShares Euro Trust (FXE): ETF Research Reports Invesco CurrencyShares Swiss Franc Trust (FXF): ETF Research Reports WisdomTree Emerging Currency Strategy ETF (CEW): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business of Fashion
40 minutes ago
- Business of Fashion
Port of LA Imports Drop 19% in May as Tariffs Hit US Businesses
Import volumes through the busiest trade hub in the US fell 19 percent from the month before, a fallout from President Donald Trump's tariffs. 'It's very slow here seasonally,' Port of Los Angeles executive director Gene Seroka told reporters Friday. Seroka warned that US businesses are facing high tariffs and uncertainty during what is typically the start of the peak season, and the consequences are likely to show up on store shelves in a few months. 'We've already blown past summer fashion and looking forward now to back to school and Halloween before the all important year-end holidays,' Seroka said. 'Cargo for those micro seasons needs to be here on the ground right now. I don't necessarily see that in inventory levels.' The drop in port activity came as importers and retailers — especially those with business in China — grappled with the uncertainty of Trump's trade war. Tariffs on goods from China were as high as 145 percent in April, when many of the goods arriving in Southern California in May would have left Asian ports. While import flows may pick up again as importers rush to bring goods during a temporary agreement between the US and China to lower the highest of the tariffs, import levies on goods from China remain prohibitively high for many businesses. 'When all is said and done, buying products out of China right now still costs one and a half times more than it did earlier this year, making products of all types extremely expensive,' Seroka said. In May, cargo handlers at the Port of Los Angeles processed a total of about 717,000 equivalent units, or TEUs. About 356,000 of those were imports, a 19 percent drop compared to last month and 9 percent lower than May 2024, Seroka said. Exports through Los Angeles fell to just over 120,000 containers, marking the sixth straight month of year-on-year declines as other countries responded with retaliatory tariffs, particularly for US agricultural and manufactured goods, Seroka said. By Laura Curtis Learn more: Is This the End of Cheap Stuff in America? As US sales of Shein and Temu plummet, some sustainability advocates make the case for an unlikely win in the movement toward conscious consumption under President Donald Trump's protectionist trade policies.
