Sumitomo Mitsui Finance and Leasing Co Ltd (SMFL) built an 8.4MW solar power plant in Gonohe-machi, Aomori Prefecture, Japan, and had a ceremony to celebrate the completion of the plant May 24, 2019.
The mega (large-scale) solar power plant, "K-SMFL Gonohe Mega Solar Park," is run by Kyocera Solar Corp. SMFL (Chiyoda-ku, Tokyo) rented about 16ha of privately-owned mountain forest to which the Forest Act is not applicable and installed about 31,200 solar panels.
The total solar panel output and grid capacity of the plant are 8.4MW and 7.0MW, respectively. The plant is expected to generate 9,625,604kWh of electricity, which is equivalent to the amount consumed by 2,500 households, per year. The FIT tariff set for the plant is ¥36/kWh. All the electricity generated at the plant will be sold to Tohoku-Electric Power Co Inc.
The solar panel and PV inverter employed for the plant are products of Kyocera Corp and Toshiba Mitsubishi-Electric Industrial Systems Corp (TMEIC), respectively. TESS Engineering Co Ltd (Osaka City) provided EPC (engineering, procurement and construction) services. Kyocera Solar is responsible for O&M (operation and maintenance) services after the completion of the plant.
SMFL has been engaged in a renewable energy-related business focused on financing (leasing). In a joint project with Kyocera Solar, SMFL started to operate "K-SMFL Uki Mega Solar Park" with an output of 2.3MW in Uki City, Kumamoto Prefecture, in March 2015. Also, the company is currently developing a plant to be connected to an extra-high voltage power transmission line.
Furthermore, SMFL structured a project finance loan for Sustainergy Co's 15.6MW solar project in cooperation with Fukoku Mutual Life Insurance Co in June 2018. Thus far, the company has dealt with about 1GW of solar plants, about 100MW of wind power plants, about 170MW of biomass power plants, about 200kW of small/medium hydroelectric power plants and about 5MW of geothermal power plants (including projects partially financed by SMFL).