China-based Hareon Solar Technology is to build a 2MW PV power plant in Kochi City, Japan in collaboration with Japan Energy Corporation.
All approvals have been authorised with the project expected to be completed before the end of March 2014, with a project timescale of 6 to 10 months at an estimated cost of 600 billion yen, secured through bank loans, according to the company.
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A PPA has been signed for a 25-year period with an estimated annual generating capacity of 2.37 million kWh, according to the 36 yen/kWh electricity price calculation.
