First Solar to add 250 MW of PV capacity in Japan - report
Aug 27, 2014 - US-based firm First Solar Inc (NASDAQ:FSLR) is working on about 250 MW of utility-scale solar projects in Japan, Bloomberg said today, citing a company official.
The solar panel maker and project developer plans to also manage the construction of its plants in the Asian country and take care of their operation and management in the long-run, the firm’s business development head Karl Brutsaert told the news agency.
Arizona-based First Solar opened a Tokyo office at the end of last year and is developing several solar projects in the country under partnerships with local firms. In November 2013, it said it will pour USD 100 million (EUR 76m) to build solar parks in the Asian country.
A surge in demand for solar products in Japan, stimulated by the attractive feed-in tariffs (FiTs) offered, has already turned the country into an important solar market. The government aims to install 28 GW of solar capacity by 2020 as part of its effort to promote the use of renewable energy sources.
Speaking about the development of the Japanese solar market, Brutsaert noted that land restrictions will lead to the construction of more rooftop solar plants and the segment will surpass the utility-scale sector.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.