Aquila Capital (Hamburg,
Germany) has completed the development of a photovoltaic (PV) project
in Japan with an installed capacity of 38.4 MW and has sold it to a
local institutional investor, the company announced on April 12th, 2017.
Aquila Capital will manage the solar park for the duration of the term.
This is Aquila Capital’s second PV project since
establishing a presence in Japan in 2012 and it underlines the company’s
continuing commitment to this promising market. Aquila Capital focuses
on acquiring PV projects at an early stage of development and further
developing them from full approval or construction phase to sale.
“This investment reflects the current outlook in the
Japanese photovoltaic market;” comments Boris Beltermann, responsible
for Aquila Capital’s solar business in Japan.
“Market-ready projects are
particularly interesting for local institutional investors, so
developing projects that already have secured feed-in tariffs is an
attractive strategy for our investors.”
More investments planned in Japan
The Japanese photovoltaic market remains active.
Aquila Capital has built up resources and expertise in the country over
the past few years and it will continue expanding its commitment.
The company’s strategy is to acquire early-stage PV
projects with a volume of more than 150 MW and develop them until they
are sufficiently mature for sale.
Even though a new feed-in tariff (FIT) system will
come into effect as of April 2017, high remuneration levels remain valid
for numerous projects that have already received prior approval.
Regarding the latest project, Aquila Capital secured an attractive FIT
of 40 Yen per kilowatt-hour through the earlier acquisition of the
property area on which the PV system was developed.
source: http://www.solarserver.com
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