The Futtsu solar PV farm, developed by Pattern Energy Group LP (Pattern Development) and Green Power Investment Corporation, is one of the largest solar projects serving the residents of Tokyo. GE Energy Financial Services currently maintains an ownership stake in the project, and additional financing was provided by a syndicate of four banks led by The Bank of Tokyo Mitsubishi UFJ, the developers announced in a press release.
Futtsu Solar is our first project in Japan to reach commercial operation following our investment and partnership with GPI, said Mike Garland, president and CEO of Pattern Development.
The solar plant with 42 MW capacity will be supplying power to the Tokyo Electric Power Company power grid, which has a 20-years PPA for 100% of the output from the plant. Solar modules for the project have been supplied by Kyocera Corporation, which will also provide ongoing operation and maintenance services.
Another 44.8 MW utility-scale solar plant in Oita province, developed by ITOCHU Co. in partnership with Kyudenko and Mitsui Engineering & Shipbuilding, was successfully connected to the grid on Friday last week. The new PV farm is expected to generate 52.5 GW/h annually, enough to power about 9,300 regular Japanese households. Kyushu Electric Power utility, which provides power to seven prefectures in Japan, has a 20-years PPA for the generated electricity.
Last week, Japans Ministry of Economy, Trade and Industry confirmed the reduction of FIT rates by 11% from April 1.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.