August 17 (Renewables Now) - Tokyo-based Japan Asia Investment Co Ltd (TYO:8518) said today it has completed its 2.4-MW floating solar system in Kagawa prefecture.
The photovoltaic (PV) array was installed at a total cost of JPY 860 million (USD 7.8m/EUR 6.8m), according to the company's press release. It has an estimated annual output of a little over 3 million kWh, enough to meet the annual consumption of some 680 local homes. Local utility Shikoku Electric Power Co Inc will be purchasing the electricity at a feed-in tariff (FiT) of JPY 36 per kWh, the company noted.
This is the company's fourth floating solar plant located in the municipality of Sanuki with two beginning operations in 2017 and the third one in April 2018. As of end-June 2018, Japan Asia Investment had 82.5 MW of projects in its solar power portfolio, the firm noted.
(JPY 100 = USD 0.91/EUR 0.79)