Two
large-scale solar PV
projects have entered the planning phase in Japan this week
following investment announcements from Thai, Taiwanese and
Japanese backers.
Ratchaburi
Electricity, which is the largest power producer in Thailand, is to invest
in a 100 MW solar PV project in Japan via a joint
venture (JV) with Taiwan’s Huang Ming, reports Reuters.
Meanwhile,
four leading lending institutions are partnering to back a 15.8 billion yen
($132 million), 53 MW solar PV project in the
country’s Fukushima prefecture in what
will become the largest single solar installation in region to
date.
Ratchaburi
chief executive Pongdith Potchana confirmed that the JV with Haung Ming is the
first step in moves to augment further collaboration with Thailand’s PTT Pcl and
Japan’s Chubu Electric Power Group to boost investment in overseas power
projects.
The
utility first announced its intention to enter the Japanese solar market in 2014, but this is the first concrete
detail to emerge regarding its construction and development plans.
In
Fukushima, the proposed 53 MW solar farm will be
backed by four banks, including Mitsubishi UFJ, Sendai-based 77 Bank - which
will provide the most funding for the project, at $57 million – and two other
lenders.
The
Renatosu Soma Solar Park will become the largest of its kind in Fukushima
Prefecture, which has turned its attentions to solar power following the
devastating aftermath of the 2011 earthquake and tsunami.
Japan
NTT Facilities, which is a subsidiary of Nippon Telegraph and Telephone Corp,
also announced this week that it is to create a 32.6 MW solar PV plant in
Kunitomi city, Miyazaki prefecture.
The
project will be constructed on a former golf course using solar panels supplied
by Suntech Power Japan corp. Commercial operation is scheduled for January,
2017.
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