Subscribe today and receive an extra account for free.
Subscribe
Solar Farm. Author: Michael Mees meesphotography.com License: Creative Commons, Attribution 2.0 Generic.
July 12 (Renewables Now) - Japan's Hokkaido Railway Co announced on Thursday it started construction of a 1.4-MW photovoltaic (PV) plant at its unused Sorachi driving centre site.
The solar facility, part of the company's land utilisation strategy, will require around JPY 400 million (USD 3.7m/EUR 3.3m) in investments. It has a 20-year power purchase agreement (PPA) with local utility Hokkaido Electric Power Company (TYO:9509) at a tariff of JPY 18 per kWh.
Hokkaido Railway foresees a production capacity of more than 2.13 million kWh, enough to meet the annual electricity demand of 481 local homes.
Spread over an area of 31,900 sq m (343,368 sq ft), the PV park is scheduled to be completed in December 2019 with commercial operation estimated to start in the spring of 2020, the railway company noted.
(JPY 100 = USD 0.92/EUR 0.82)
Weekly renewables M&A round-up (Sep 6-15)
Sep 16, 2019 10:41 CEST
to-the-point: Univergy wins 9.5 MW of PV projects in Japanese auction
Sep 13, 2019 15:35 CEST
to-the-point: Etrion gets paid in full for sale of rights to 45-MW solar project
Sep 12, 2019 13:10 CEST
UPDATE - Renova says Typhoon Faxai left no damage on power plants
Sep 11, 2019 16:44 CEST
Thailand's PTT working on blockchain-based renewables trading platform
Sep 11, 2019 16:39 CEST
to-the-point: Sif sets up sales office in Tokyo
Sep 10, 2019 10:30 CEST