Solar Frontier Americas, the US solar development business of Japanese energy major Showa Shell Sekiyu, expects to double its US-based portfolio to 2 gigawatts in the coming year.
The move to be a major US renewable independent power producer is part of a strategy shift for Showa Shell and Solar Frontier Americas away from its previous mission as an integrated solar business.
That integrated business has operated at a loss in recent years. Showa trimmed operating losses within that division to 1.9 billion Japanese yen ($16.7 million) for the nine months ending 30 September from 5.9 billion yen ($51.8 million) in losses from 3Q17.
