X-Elio has closed the financing process for the Tsurusu and Shiroishi solar farms, which will be located in the Miyagi prefecture, the company has said. The Tsurusu park will have a capacity of 38 megawatts (MW), while the one at Shiroishi will reach 28 MW, which means that the X-Elio project portfolio in Japan will […]
X-Elio has closed the financing process for the Tsurusu and Shiroishi solar farms, which will be located in the Miyagi prefecture, the company has said.
The Tsurusu park will have a capacity of 38 megawatts (MW), while the one at Shiroishi will reach 28 MW, which means that the X-Elio project portfolio in Japan will achieve an output of nearly 190 MW.
Sumitomo Mitsui Trust Bank (SMTB) has granted the funding with which the Japanese Nesic group is undertaking the company of the two plants. Both plants are expected to start producing energy in the second half of 2018.
These plants will be added to the two solar parks that the renewable energies group is currently operating in this market, and three other photovoltaic parks, which are currently under construction and will be connected between the end of 2017 and the middle of 2018.
X-Elio entered Japan in 2012 and since then it has continued to grow until it has become one of the group’s most important markets. Once the construction of all its projects in development has been completed, the company’s total investment in Japan will have exceeded a billion dollars.
The CEO of X-Elio said he was “very excited” about the group’s projects in Japan, a market in which it has been investing since 2012, and he sees “a lot of potential in the coming years”.
Source: Europapress
Date: 06/04/2017
