Yingli Green will supply panels to the world’s largest floating PV plant, a 7.5MW power station in Japan, according to Tokyo-based Smart Energy that is behind the project.
The project will be built on an agricultural reservoir in the town of Kawagoe, Saitama prefecture, which is expected to remain in use after the plant is constructed on it.
Project finance will come from Japanese bank Musashino, which has formed a project-dedicated special purpose vehicle (SPV) with Smart Energy and other partners. Contracts were signed on 31 October. The plant, near Tokyo, is expected to be completed and connected by October 2015, with construction to begin in January.
According to a separate announcement made by local authorities, the plant is expected to last for 20 years, generating around 8,305,440kwh per year, from 27,456 solar panels. Inverters will be supplied by Schneider Electric.