Grasshopper Solar has invested a total of USD10 million in six solar power plants from Univergy Solar in Japan. These six ground mount projects, ranging from 439 kW to 971 kW totaling 4 MW, will utilize 12,500 solar panels, generate 4,544 MWh of clean energy and deliver 3,283 tons of carbon emissions abatement annually.
The solar portfolio will be developed by Univergy along with its Japanese partners, with construction commencing in Q4 2018 and expected to achieve commercial operation by Q4 of 2019. These projects, once completed, will participate in the country's Feed-in Tariff program with a 20-year contract ranging JPY ¥21-24/kWh (USD 0.15983- 0.18266/kWh) awarded by METI (Ministry of Economy, Trade and Industry).
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