Japanese BIJ Corporation, Italian financial firm Finergia and the Swiss MEECO Invest Group have formalised a memorandum of understanding signed earlier this year by forming a joint venture company, Oursun Japan Holding.
The new joint company will undertake the development, construction, operation and promotion of up to 30MW of PV projects mainly in Japan and neighbouring markets such as the Fiji Islands.
Oursun Japan’s target is to install grid-tied PV as well as off-grid solutions and efficient solar PV applications designed by the MEECO Group.
Dieter Trutschler, MEECO’s sales director said: “Our first objective is to focus on small, efficient applications in the 50kW range and of these as many as possible, for which under the current Japanese Feed-In Tariff regime the implementation is rather quick and the economic and environmental impact is more sustainable than a few large multi-megawatt projects.”
BIJ Corporation will offer and manage all the local resources in Japan, conducting research on suitable land and roof surface for the installation of PV plants. The company will also supervise and manage the projects’ implementation.
Finergia and the MEECO Group will provide financial support for the scheduled projects.