Solar park in Japan. Author: Minoru Karamatsu. License: Creative Commons.
Alternative asset manager Aquila Capital announced today it has invested, on behalf of institutional investors, a sum in the three-digit million euro range in a 38.4-MWp solar project in the north of Japan.
The particular photovoltaic (PV) facility is currently being built at a site in Tomakomai, Hokkaido, and is expected to be connected to the grid in 2018. It will use modules supplied by JinkoSolar and Fuji Electric power inverters. The project was developed by Green Power Development Corporation of Japan.
The plant is expected to benefit from a 20-year feed-in tariff (FiT) of JPY 40 (USD 0.347/EUR 0.327) per kWh. Financing for the construction of the facility will be arranged by Mizuho Bank.
“We are examining further investment opportunities in this evolving market,” said Roman Rosslenbroich, CEO and co-founder of Aquila Capital.