Pacifico Energy reaches financial close, begins construction of 121MWdc Japan PV plant

By Charlie Duffield
Facebook
Twitter
LinkedIn
Reddit
Email
Commercial operations at the plant are expected to begin in 2023. Image: Pacifico Energy.

Solar developer Pacifico Energy has started building work on a 121MWdc solar project on the site of a former golf course in Japan, with juwi Shizen Energy hired as engineering, procurement and construction (EPC) contractor.

Pacifico has also reached financial close for the plant, with financing mainly provided by MUFG Bank and Mitsubishi HC Capital.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Under construction in Sanda, Hyogo Prefecture, the project will generate approximately 143 million kWh of electricity annually when complete in 2023.

Hiroki Matsuo, CEO of Pacifico Energy, said: “We are committed to the challenge of achieving grid parity for renewable energy sources and developing power sources that are rooted in local communities to protect the global environment and achieve Japan’s carbon-neutral goals.”

The use of an abandoned golf course is intended to minimise construction and deforestation, and avoid impacting the natural environment.

Juwi Shizen Energy, a joint venture between juwi and Shizen Energy, last year secured a similar EPC contract to build a solar project at another former golf course in Japan.

Japan is aiming to have 108GW of solar capacity by 2030. It aims to hit that target by installing solar panels on 50% of central government and municipality buildings, adding 6GW of capacity; boosting solar on corporate buildings and car parks, which will add 10GW; and adding 4GW in public land and promotion areas in 1,000 Japanese towns and cities.

Currently, 70% of Japan’s electricity is produced through coal and natural gas, with it aiming to reduce its emissions by 46% by 2030 compared with 2013 levels.

Read Next

November 27, 2024
Shanghai Electric has won the engineering, procurement and construction (EPC) contract to build the 2GW Al-Sadawi PV project in Saudi Arabia.
November 13, 2024
Located in the Free State province, the project will be owned by Teraco and is expected to be operational in 2026.
Premium
November 4, 2024
Renewables developer Vesper Energy details the construction of the 600MW Hornet Solar plant in Texas, including the IRA impact on the project.
October 10, 2024
According to BayWa's Tomaso Charlemont, optimising the performance of solar PV projects will encourage the growth of 'value-added EPC' work.
September 23, 2024
Australia has confirmed that the first round of the Quad Clean Energy Supply Chains Diversification Program will open in November 2024.
September 18, 2024
Sharp has launched four new PV modules for the rooftop solar sector, which include two bifacial modules with an output as high as 450W.

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
December 18, 2024
9am GMT / 10am CET
Solar Media Events
February 4, 2025
London, UK
Solar Media Events
February 17, 2025
London, UK
Solar Media Events
February 26, 2025
Seattle, USA
Solar Media Events
March 11, 2025
Frankfurt, Germany