Etrion confirms ‘advanced’ Chile and Japan pipelines

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Solar independent power producer Etrion has given an update on its ‘advanced’ pipelines in Japan and Chile.

In Japan, Etrion currently has 34MW of projects currently under construction and around 138MW of plants in development.

Etrion agreed to a development deal with Hitachi High-Tec in 2012 to build up a portfolio of solar projects in Japan. Once all the projects are completed, Etrion is expected to own 70-85% of the plants, with Hitachi High-Tec and other local developers owning the remaining stake.

The 138MW of projects currently under development mostly comprise of four specific plants.

The Japan Greenfield Project I is a 24MW plant located in southern Japan that is expected to begin construction by the first quarter of 2016. A feed-in tariff and land contract for the plant have already been achieved.

The Japan Brownfield Project I is a 50MW plant located in southern Japan that is expected to begin construction by the fourth quarter of 2015. A feed-in tariff, land contract and grid impact studies have already been secured for the plant.

The Japan Brownfield Project II is a 50MW plant located in southern Japan that is also expected to begin construction by the fourth quarter of 2015. A feed-in tariff, land contract and grid impact studies have already been secured for the project.

The Japan Brownfield Project III is a 14MW plant located in southern Japan that is expected to begin construction by the fourth quarter of 2015. A feed-in tariff, land contract and grid impact studies have already been secured for the plant.

Marco A. Northland, chief executive officer of Etrion, said: “I am very pleased with the significant progress our Japanese team has achieved to date in construction and development. Etrion is one of the first foreign companies to gain traction in utility-scale solar power generation in Japan. Today, we have 34 MW under construction and more than 138 MW under development in Japan. I am confident we will meet our target with Hitachi High-Tech of delivering shovel-ready or under-construction projects in Japan totaling 100 MW by 2015 and 300 MW by 2017.”

In Chile, Etrion has 70MW of plants operational with 99MW of projects in development. All of Etrion’s projects in development in Chile are completely owned by Etrion and are expected to be ready for construction in the first quarter of 2015.

The Aguas Blancas solar projects in the Antofagasta region will include three sites totaling 72MW and will feed energy into the Sistema Interconectado del Norte Grande electricity network.

Las Lucas is a 27MW project located in the Atacama region that has already seen its land concession decree signed and its environmental impact assessment already received.

Northland commented: “Chile is one of the most attractive solar markets in the world. Chile has very high solar irradiation, an investment grade credit rating, a deregulated electricity sector with contracts denominated in US dollars, significant energy demand from the mining sector and high wholesale electricity prices. This combination of factors makes Chile one of the first solar markets in the world to reach grid parity, where solar is competitive with traditional sources of power generation without the need for government subsidies.”

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