The Renewable energy sector, for a while now, has been working at achieving a generation cost that is lower than that of the power available on the current power grids. It has been a holy grail, a tipping point, for the economic viability of a clean energy generation project- thus the indicator of speed and direction of the alternative energy industry. In the capital-intensive solar power generation, this has been a sweet victory, with module prices seeing drastic decline in price thanks to the leaps in technological advance and innovations in the field of solar technology.
While a few countries have already reached this target, others are reconsidering the definition of grid parity, reviewing their subsidy and regulatory framework, and their access to renewable resources. In such a landscape, we at GPSS, strive to achieve grid parity in complete alignment to achieving collective goals and moving in the direction of a sustainable society.
We started in Japan as project developers/contractors in 2012, and with increasing sales of developed projects and high turnover of our own capital, we stepped into the role of a long-term corporate investor. Unlike traditional investment funds, GPSS has its own engineering group that specializes in EPC and is also involved in the operation & maintenance activities. This was more aligned to our vision of sustainability and a community-centred business model. GPSS aims to create sustainable energy solutions matched to the local environment and people, through local community partnerships. We bring together landowners, local government and community groups to own and operate sustainable energy solutions. This step-by-step organic growth and transformation helped us expand throughout Japan, and from equity investment to debt financing- we currently have active Joint ventures with Mitsui (JG Infra debt services).
Since inception, we have had a robust development team (subsidiary) and this has been a significant advantage to us as developers. The network and credibility they have created over the course of time is key in collecting the necessary information and discovering social demand in each region.
We intend to explore opportunities further away from home, in emerging markets like Africa and Pacific island states, in the future. As of now, we participate in and receive interns from TICAD – (Tokyo International Conference on African Development), a program that contributes to the development of Human Resources through the African Business Education (ABE) Initiative – to host students in Japan and strengthen their knowledge, skills and professional culture. With a workforce from more than 10 countries, we strongly believe in this idea of shared and collective progress.