Netherland-Based SolarDuck Expands Regional Office In Japan

SolarDuck, a Netherland-based company set up its office in Tokyo. This move signifies the company’s commitment to the Japanese market and serves the Asia Pacific region to accelerate commercialization.

Building on success with the first demonstrator delivered in Tokyo, SolarDuck is gearing up hiring efforts to support its expansion in the region, the event with stakeholders marks the next stage of growth for SolarDuck. The regional office will oversee business development activities in Asia Pacific. East Asia and Southeast Asia offer attractive growth prospects as the offshore energy industry matures. These market dynamics promise an exciting offshore floating photovoltaic (OFPV) and SolarDuck launchpad.

“The 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, 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 the 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 to 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. 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 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 among the speakers who shared their views on the future of 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 in meeting 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.