Tokyo Century joins 1.1-MW floating PV project in Taiwan
Floating PV park outside Nagoya, Japan. Image by Apple (www.apple.com).
Tokyo Century Corp (TYO:8439) said Monday it has entered a 1.1-MW solar float project in Taiwan owned by a local arm of French company Ciel et Terre.
The Japanese firm has agreed to invest in a special purpose company with Ciel et Terre Taiwan Ltd, Kyudenko Corporation and Kyuden Mirai Energy Company Inc.
The so-called 1.1-MW Valley of Trees plant is part of a larger, 5.1-MW development that also includes the 4-MW Valley of Wind project. Tokyo Century is also holding talks to invest in the second project.
Valley of Trees is scheduled to commence operations this month and is expected to generate around 1,400 MWh per year. Valley of Wind, in turn, should be completed in September 2018. When both plants are finalised, they will be producing 6,400 MWh annually. Taiwan Power Company will be the sole purchaser of their output.
This is Tokyo Centurey first overseas energy project by direct investment, the firm stated. Currently, it has 312 MW of installed solar capacity under its belt in Japan, of which seven are floating PV plants developed in partnership with Ciel et Terre.