Financial services firm ORIX Corporation and engineering company Kyudenko have started work on a 23MW PV plant in Nara prefecture, Japan.
The plant will cover 24.6 hectares of land leased from Tenri City. Kyudenko will be responsible for the construction and operations and maintenance of the site. It is expected to be operational in February 2017.
The companies agreed to co-develop solar projects after a wider tie-up in 2011. In 2012 they announced a 30MW pipeline. Earlier this year they announced cooperation on a 11.1MW site in Kumamoto prefecture.
Ownership of the latest site will be split 70:30 in ORIX’s favour.
The pair are also part of a consortium said to be considering a 430MW island-based PV plant.