The expansion of the SolarDuck office in Tokyo signifies its commitment to the Japanese market and serves the Asia Pacific region to accelerate commercialization.
The regional office will oversee business development activities over the entire Asia Pacific region. Both East Asia and Southeast Asia offer attractive growth prospects as the offshore energy industry matures. These market dynamics promise an exciting launchpad for offshore floating photovoltaic (OFPV) and SolarDuck.
“Asia Pacific is a GigaWatt scale opportunity, and we are committed to trailblazing the growth path for OFPV in the region. We have the technology; we have the footprint, and we are shaping the team to deliver on this vision”, says Olaf de Swart (Co-founder and Head of BD Asia Pacific).
Building on success
SolarDuck has a footprint in the region both in Japan and Malaysia. The Teal demonstrator was successfully installed in record time in Tokyo Bay, a project developed with Tokyu Land Corporation on initiative of the Tokyo Metropolitan Government. In addition, SolarDuck is working closely with TNB in Malaysia on a project under development offshore Tioman Island.
“The SolarDuck technology has great potential in Japan and the region. We have been proud to be collaborating with SolarDuck on establishing the first OFPV plant in Japan and we look forward continuing our relationship”, So Watanabe (Deputy Manager at Tokyu Land Corporation).
These projects demonstrate traction and provide an ideal growth platform for OFPV and SolarDuck in the region. Furthermore, they allow SolarDuck to solidify relationships with our partners in Asia Pacific. In order to deliver on the company’s growth ambitions in the region, SolarDuck is gearing up local hiring in Tokyo.
Kicking-off the next stage of growth
On May 27th, 2024, SolarDuck has invited partners, investors, developers and other stakeholders to a launch event in Tokyo, Japan, to celebrate the successful installation of the Teal demonstrator and chart the course for future growth with the establishment of the regional subsidiary. Tokyu Land Corporation and law firm Anderson Mori & Tomotsune were amongst the speakers who shared their views on the future OFPV in Japan and the region.
OFPV is positioned to earn an important role in the merit order of offshore renewable energy technologies and will therefore play a significant role to meet growing renewable energy demand in Asia Pacific, and globally.
Building on our unique technology and early market access, SolarDuck continues to build a robust pipeline of projects globally to commercialize this new energy generation asset class set to reach gigawatt scale by the turn of the decade.
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