IBC SOLAR sells its project pipeline in Japan

This solar plant in the is part of the sale transaction. (Photo: IBC Solar)
This solar plant in the is part of the sale transaction. (Photo: IBC Solar)

IBC Solar further expands its project business in Asia and has signed an agreement on the sale of a 37 megawatts (MW) Japanese project pipeline. The 27 parks are meant to be built in the next three years.

The sale transaction also includes a 1.6 MW plant in the Toyama prefecture and a 0.5 MW plant in the Gifu prefecture, as well as two plants totalling a capacity of 3.5 MW that are going to be build starting in October.

The corresponding initial investment exceeds 90 Million Euros. In order to finance this operation, the Macquarie Group and BRUC Capital will join their contributions. “We are very pleased with our strategic relationship with BRUC Capital and Macquarie, which has positively developed over the last months, bringing together the professionalism and know-how of our companies”, states Udo Möhrstedt, CEO and founder of IBC SOLAR AG.

With focus in the medium-size segment of projects with ab capacity up to 5 MW, IBC SOLAR started operations in Japan back in 2014, and has already constructed more than 10 MW in this country. The agreement now is the first important milestone. At the moment IBC Solar is developing a consistent pipeline of more than 400 MW in Japan, India and South East Asia. The market conditions and requirements of these countries are quite diverse. Nevertheless the company is optimistic to profit from substantioal snergies.

Philipp Kronsbein / IBC Solar AG

Similar Entries

The Turkish subsidiary of IBC SOLAR has completed another large-scale solar energy project with a total capacity of 3.43 MWp in the province of Niğde. The plant will produce 6 million kilowatt hours of solar power per year for grid feed-in.

Kyocera’s 29.2 MW plant on repurposed land in Yonago (Photo: Kyocera)

Kyocera TCL Solar LLC has constructed a 29.2 MW utility-scale solar power plant in Yonago City, Tottori Prefecture, Japan. The company’s largest solar power plant was installed on 1.2 km2 of land originally designated for a golf course and other purposes but subsequently abandoned.

Photon Energy NV announces that Canadian Solar will become a shareholder and provide development financing to complete the development of five of its Australian utility scale solar projects totalling 1.14 GWp.

Kyocera Corporation and Tokyo Century Corporation announced today that Kyocera TCL Solar LLC has completed construction of a 21.1 MW utility-scale solar power plant in Hagi City. 78,144 Kyocera solar modules were installed on approximately 1 km² of land originally planned for the construction of an industrial waste disposal facility which was abandoned, then repurposed for the clean energy project. A ceremony was held on January 11 to commemorate completion of the plant, which will generate an estimated 23,000 megawatt hours (MWh) per year — enough electricity to power approximately 7,730 typical households.