Subscribe to our newsletter and get the latest news and business opportunities in your inbox
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.
