Japanese mobile phone company SKI Corp to develop 24MW solar park

Facebook
Twitter
LinkedIn
Reddit
Email

SKI Corp, Japanese a mobile phone sales agency, has signalled its intent to build a 24MW solar farm in the west of Japan and to borrow ¥8 billion (US$67 million), for the purposes of doing so.

Headquartered in the city of Nagoya, SKI Corp acts a third party between mobile phone providers and their customers. The company also develops solar power plants under the feed-in tariff (FiT). After a 16% drop planned this year, Japan's FiT will be at ¥27 per kWh from July. There has been evidence that projects approved for earlier, much higher FiT rates, are being traded, meaning that along with projects still in the original developers’ hands, there are still projects being executed to receive 2012, 2013 and 2014 FiTs once they are connected to the grid network.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

SKI Corp’s move into the solar power generation business, selling to power companies under the FiT, is by no means an unusual one for Japanese companies looking to make relatively safe investments. One of the country’s biggest developers, SB Energy, is a subsidiary of mobile phone network provider Softbank. SKI Corp’s new 24MW site will be located in Wakayama, in the south west of Japan’s main island, Honshu.

SKI Corp announced that it had arranged to receive a long-term loan worth ¥8 billion to be signed off at the end of this month, co-arranged by Japanese ‘megabank’ Sumitomo Mitsui Banking Corporation. The Wakayama solar project is expected by SKI Corp to cost the aforementioned ¥8 billion, plus around ¥500 million of its own funds, to be spent on procuring land.

Land and other details are still in the process of being selected and negotiated for. SKI Corp hopes to close the relevant transactions by July this year, with the project pencilled for completion in August 2016 and connection to the grid shortly afterward for the 10-hectare site.

Read Next

Premium
October 10, 2025
Gaëtan Masson of IEA PVPS warns of overcapacity, collapsing prices and slipping module quality in the new Trends in PV Applications report.
October 10, 2025
The European solar module market has reached a “state of equilibrium” in recent weeks, with stable prices and regular demand.
October 10, 2025
US solar recycling firm OnePlanet has achieved the R2v3 certification from electronics sustainability non-profit SERI, which represents the “highest standards of traceability”.
October 10, 2025
NTPC Renewable Energy Limited has signed an MoU with the Government of Gujarat to develop 15GW renewable energy projects in Gujarat.
October 10, 2025
Australia's renewable energy sector recorded its slowest month of the year for additions in September, with 5.8GW of new projects added to development pipelines, according to data from Rystad Energy.
October 9, 2025
The Australian government has announced the results of the fourth Capacity Investment Scheme (CIS) tender, with 6.6GW of renewables awarded long-term contracts.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK