1st Project Finance for Agricultural Mega Solar Plant Revitalizes Idle Farmland (1) (page 2)

3 former prime ministers gather at mecca of solar sharing

2017/11/20 19:28
Kenji Kaneko, Nikkei BP Intelligence Group, CleanTech Institute
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Completion ceremony attended by three former prime ministers

The farmland on which the mounting systems were built was temporarily converted by utilizing the system to operate solar power generation businesses on farmland. A local agricultural production corporation plans to grow high-value-added organic crops such as soybeans and wheat on the farmland under the panels. The power plant is estimated to generate approximately 1,424MWh of power per year.

The power producer is Sosa Solar Sharing GK, a special purpose company. The SPC was established by Shimin Energy Chiba (Sosa City), which promotes solar sharing in Sosa City and other areas, and is also financed by en (Shibuya-ku, Tokyo) and Chiba Ecological Energy Inc (Chiba City). The plant incorporated solar panels (115W/sheet) manufactured by WWB Corp (Shinagawa-ku, Tokyo) and PV inverters manufactured by SMA Solar Technology AG of Germany.

Experts who promote renewable energy and other people concerned were invited to the completion ceremony on April 3, 2017. Three former prime ministers, Junichiro Koizumi, Naoto Kan and Morihiro Hosokawa, also attended the ceremony. Mr. Koizumi said, "This is a historic step. We can live with solar power alone. I have the feeling that excess power will be generated," expressing his expectation for solar sharing (Fig. 3 & 4).

Fig. 3: The completion ceremony held on April 3, 2017 (source: Sosa Solar Sharing GK)

Fig. 4: Three former prime ministers attended the ceremony (source: Sosa Solar Sharing GK)

Shimin Energy Chiba has actually constructed and operated solar sharing-type solar power plants connected to low-voltage transmission lines by raising funds from citizens and others. As for the Sosa Mega Solar Sharing No. 1 Power Plant, which is large in scale, the funds were raised by obtaining project financing from the Johnan Shinkin Bank and underwriting of the bonds by SBI Energy (Minato-ku, Tokyo).