30 Jun '14, 7am

@GestampSolar jumps into Japan with first utilty-scale #solar project, a 31.6MW #PV plant in Ibaraki @rechargenews

@GestampSolar jumps into Japan with first utilty-scale #solar project, a 31.6MW #PV plant in Ibaraki @rechargenews

The Spanish developer will install the array on a 40-hectare unused golf course in the town of Daigo, Ibaraki prefecture. It will sell the electricity — enough to supply roughly 10,000 homes — to regional utility Tokyo Electric Power (Tepco). It secured a ¥11.1bn ($109.6m) non-recourse loan with Deutsche Bank to finance construction of the plant. Gestamp Solar chief executive Jorge Barredo said the company would probably strike similar arrangements with Deutsche Bank in Japan in the future. The unit of Gestamp Renewables launched its Japan business in 2012. It has developed Log in to read complete article.

Full article: http://www.rechargenews.com/solar/article1367692.ece

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