Obton A/S has significantly increased its investments in Japan. This strategic expansion recently culminated in the acquisition of BCPG, a Japanese company specializing in the development and operation of renewable energy projects. The 2 billion DKK transaction includes an extensive pipeline of Japanese solar projects.

"Obton A/S is now stronger in the Japanese energy market than ever before," says Mikkel Berthelsen, Chief Acquisition Officer at Obton A/S.

"We have really taken a significant step up in our presence in Japan with this aggressive acquisition. In addition to gaining a highly competent and local staff, we are also acquiring an attractive pipeline of new energy projects," he says.

Obton A/S currently has a solar portfolio with a total capacity of 400 MW in operation in Japan, making it already one of the top ten operators in the market. The expectation is to achieve a total solar energy capacity of 1 GW within the next five years.

Huge potential in Japan

According to Mikkel Berthelsen, there is huge potential for doing good business in the Japanese energy market.

"We are looking at a market that is growing explosively. It is very similar to the European energy market, where the number of renewable energy projects has also exploded," he explains, adding:

"The demand for green electricity in Japan is enormous, highlighting the potential for our focus on the development and operation of both solar and battery storage projects. Japan also has an exciting PPA market ahead, which we will naturally pursue," Mikkel Berthelsen emphasizes.