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