Upon completion in late 2018, the Ishikawa Sogo project is expected to meet the annual electricity needs of roughly 17,500 homes.
“The availability of project debt financing will further bolster utility-scale solar development to meet the unique energy needs in Japan,” said Arizona-based First Solar.
First Solar claims the non-recourse project debt financing arrangement underscores its expertise with the development, operation and maintenance of utility-scale PV plants in the country.
In late 2015, the the thin-film manufacturer — which reported disappointing revenue of $480 million in the fourth quarter — secured a a low interest, ¥4 billion construction loan facility from Mizuho.
The Japanese financial group has played a key role in financing projects in Japan over the years, most notably with Kyocera’s 70 MW Nanatsujima plant in Kagoshima prefecture, which went online in late 2013.
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.
1 comment
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.