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Grasshopper invests USD 10m in 4-MW Japanese solar portfolio

September 19 (Renewables Now) - Canadian solar developer Grasshopper Solar said on Tuesday it will pour some USD 10 million (EUR 8.6m) into a 4-MW solar project portfolio of Univergy Solar in Japan.

The portfolio consists of six ground-mounted photovoltaic (PV) projects that will be developed by Univergy and its Japanese partners. The plants, with capacities ranging between 439 kW and 971 kW, will use a total of 12,500 solar panels with a expected output of 4,544 MWh of electricity per year.

Construction of the solar parks is scheduled to begin in the last quarter of this year, while commercial operations are planned to commence a year later.

The projects will operate under a 20-year feed-in tariff (FiT) contract, to be signed with the Ministry of Economy, Trade and Industry (METI) upon completion, receiving between JPY 21 (USD 0.187/EUR 0.160) per kWh and JPY 24 per kWh. The generated electricity from the solar farms will help offset around 3,283 tonnes of carbon dioxide (CO2) emissions annually.

Earlier this month, Grasshopper announced it will invest USD 80 million in Setouchi Koken’s 21.6-MW solar project in Japan’s Fukuoka prefecture. The facility is expected to become operational in the third quarter of 2020

(USD 1.0 = EUR 0.857)

(JPY 100 = USD 0.890/EUR 0.763)

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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.

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