“This project is a significant milestone for SunEdison in the growing Japanese renewable energy industry,” said Netoshi Kuriyama, Representative Director and Country Manager for Japan at SunEdison. “With this project, we have proven that we can develop bankable projects with leading Japanese financial and EPC partners and we look forward to rapid growth in the Japanese market.”
The electricity will be used to power some 3,000 households on the southern Japanese island of Kyushu, contributing to Japan’srenewable energy industry and to the electrification of rural Japan. Shinsei Bank will be lending SunEdison 80% of the total project cost for the 9.6 megawatt project. The financing agreement was signed in January and the first drawdown occurred on February 24th. The project is expected to achieve commercial operation in September of 2015.
ST Staff Writers
This post was prepared by Solar Thermal Magazine staff.