Sweden-based independent solar producer Etrion Cooperation has finished a 9.5MW utility-scale PV project in Japan, connecting the last two remaining sites totalling 4.2MW to the grid.
The project was finished before time and within its budget, having connected the first half in February this year. Marco A. Northland, CEO, congratulated Aomori stakeholders on a brilliant performance and expressed excitement and market potential for the company.
The Aomori solar project was built in collaboration with Japanese company Hitachi High-Technologies.
The development has four sites each with a tariff of ¥36/kWh (US$0.35) under a 20-year power purchase agreement (PPA) with electric utility company Tohoku Electric Power. Etrion says the project is expected to produce 10.7GWh of solar electricity.
Marco A. northland added, that the company now has 43MW in full operation, 13MW under construction and over 250MW at various stages of development.
Etrion Cooperation operate installing solar systems in Chile and Japan.
Hitachi High-Technologies recently signed a memorandum of understanding (MoU) with Indian firm CleanMax solar to jointly offer rooftop solar to Japanese companies across India.
Corporate credit research company Teikoku Databank recently reported that 50 companies in Japan’s solar sector had already gone out of business in the first six months of 2017.