Pacifico Energy has started the construction of a 102 MW solar photovoltaic farm located on a former golf course west of Osaka in the city of Ako in Japan’s Hyogo prefecture.
The energy that will be produced by the solar farm will be sold to the local utility Kansai Electric Power Co for 20 years at JPY24 (US$ 0.216) per kWh.
MUFG Bank arranged the lending for the solar project and Mitsubishi UFJ Morgan Stanley Securities served as financial advisor. The Tokyo office of law firm Baker McKenzie provided legal counsel on the transaction.
Country updates
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May 06, 2019
Eco Power, Hitachi Zosen to build 500 MW offshore wind farm in Japan
The joint venture of Eco Power Co. Ltd and Hitachi Zosen Co. Ltd. is set to build a 500 MW offshore wind farm off the Japan coast. The 50:50 venture plans to install and operate the Nishikita o...
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April 29, 2019
Marubeni and Mizuho launch MM Capital Infrastructure Fund I
Marubeni Corporation, Mizuho Corporation, and Asset Management One Co., Ltd have reached an agreement regarding the establishment of a fund specialized for equity investment in overseas infr...
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TSE and Huawei sign cooperation agreement for the 150 MW solar PV project in Miyagi
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April 03, 2019
New investor for 700 MW Akita Yurihonjo offshore wind project
RENOVA has announced that Tohoku Electric Power has participated as a new joint investor in Akita Yurihonjo Offshore Wind GK, one of RENOVA’s associates.
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