The total amount of power, calculated per equity interest, generated by power generation businesses being developed by Mitsui in Japan and overseas is 10.4GW (as of March 31, 2019) and about 15% of this is from renewable energy sources.
Mitsui is also approaching its major global clients, ranging from Japanese manufacturers to American online retailers, about adopting onsite solar solutions. ForeFront Power was among the highest-ranking solar developers in the United States in 2018.
Governmental. When Mitsui launched ForeFront Power, the company’s main business was developing onsite energy solutions for businesses. That means installing solar panels on factory or warehouse roofs, on unused open space, or on parking-lot canopies to generate a proportion of a company’s onsite energy needs.
The C&I division, which was reborn as ForeFront Power in January 2017, currently has around 60 employees, with a Co-CEO and several other staff on secondment from Mitsui. Mitsui already owns approximately 10 gigawatts of worldwide power-generation assets, from gas-fired plants in Mexico to solar and wind farms in Japan.
California-based Mitsui affiliate ForeFront Power provides small-scale cost-efficient, renewable energy solutions to businesses, public agencies and individuals in the United States. In the United States, trends often originate on the West Coast before working their way east, hence the saying “as California goes, so goes the nation.”
Mitsui will invest a total of ¥1.1 billion into Mit-Kua and will hold an 80% stake. The three projects targeted by this investment are located in Guangdong, Shandong, and Zhejiang provinces respectively.