Itochu partners with Kyudenko for 21MW project in Japan

Electricity generated at the site will be sold to Kyushu Electric Power under a 20-year PPA.

Japanese trading company Itochu is to partner with Kyudenko on the developmen of a 21MW solar farm in Japan’s Saga Prefecture.

The two companies have established a joint venture for the project and the Bank of Fukuoka has extended a loan agreement to finance the project. Itochu and Kyudenko will have equal 50% shares in the JV, to be named Saga Ouchi Solar.

Kyudenko will carry out construction works at the 320,000 square-metre facility, which is to comprise more than 75,000 panels.

Construction of the facility is expected to start later this month and commercial operations should start by April 2018.

Saga Ouchi Solar has entered into a 20-year power purchase agreement with Kyushu Electric Power for electricity generated at the site.