GE unit, Virginia Solar commission 42-MW solar project in Japan
42-MW Mimasaka Musashi solar project
GE Energy Financial Services, a unit of General Electric (NYSE:GE), and Virginia Solar Group today announced the commissioning of their jointly owned 42-MW Mimasaka Musashi solar project in Japan.
The facility, located on a former golf course in the Okayama prefecture, began commercial operations in July.
Pacifico Energy KK, a subsidiary of Virginia Solar Group, is the asset manager and original developer of the project. Tokyo-based Toyo Engineering Corp (TYO:6330) acted as the engineering, procurement and construction (EPC) contractor. Yingli Green Energy (NYSE:YGE) and Toshiba Mitsubishi Electric Industrial Systems Corp (TMEIC) supplied the solar panels and inverters, respectively.
The power generated is sold to Chugoku Electric Power Co (TYO:9504), or CEPCO, under a 20–year power purchase agreement (PPA) at a fixed tariff.
Mimasaka Musashi is one of three solar projects in Japan jointly owned by GE Energy Financial Services and Virginia Solar Group. The duo commissioned the 32-MW Kumenan plant earlier this year, while the 96-MW Hosoe project is currently under construction and due to start operations in the first half of 2018.