Pacifico Energy starts building 102-MW solar park in Japan
Pacifico Energy Furukawa Mega Solar Plant. (Photo: Business Wire)
Tokyo-based Pacifico Energy KK announced on Wednesday that construction work has started on a 102.1-MW solar park in Japan’s Hyogo prefecture.
The photovoltaic (PV) plant, the given capacity of which is in direct current (DC), will be installed on the site of a golf course in Ako-gun and is expected to enter into service in the spring of 2021. Local utility Kansai Electric Power Co (TYO:9503) will be the offtaker, buying the plant’s output for 20 years at JPY 24 (USD 0.216/EUR 0.191) per kWh.
Pacifico Energy estimates that the PV park will generate around 125 million kWh of electricity per year, which will help offset about 5 tonnes of carbon dioxide (CO2) emissions. Financing for the project was provided by a lending syndicate led by MUFG Bank Ltd.
Including the Ako project, Pacifico Energy is currently building seven solar parks across Japan with a combined DC capacity of 703 MW. Its operational solar capacity totals 227 MW.
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.