Amp's mega solar plant in Fukushima, Japan, powering 6,000 Japanese households
Global renewable energy infrastructure owner, developer and manager, Amp, has completed the acquisition of a large-scale solar power plant, with a total generation capacity of approximately 14.7 megawatts
The plant lies on 32 hectares of land located in Fukushima city, 80km northwest of the Fukushima nuclear plant.
The 14.68MWdc power plant provides enough clean solar energy to power 6,000 average Japanese households per year. The power generated from the plant is purchased by local utility Tohoku Electric Power Company for 20 years under a fixed term power purchase agreement.
The project had originally been built by a Taiwanese solar power producer, General Energy Solutions Inc., through a special purpose company, and commenced operation in March 2017. Power generated after the acquisition will be sold to Tohoku Electric Power Co, an investment-grade regulated utility, at a fixed price in accordance with the Power Purchase Agreement for 20 years. Project financing was arranged by Shinsei Bank, Limited, a leading provider of solar financing in the Japanese market. The acquisition further strengthens Amp’s rapidly growing clean energy asset portfolio in Japan.
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Fraser Hall
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About Amp
Amp is a renewable energy infrastructure owner, developer and manager.span>
Founded in 2009, we have become one of the leading global renewables platforms with a 1.3 GW proven track record of assets developed and built, alongside a further 2.2 GW of assets in construction and late-stage development. Amp has continued to create value delivering large scale, diversified pools of renewable assets to our investors and shareholders.
Based in Canada, with operations throughout North America, Japan, Australia, India, the UK and Czech Republic, our international team brings deep expertise and thought leadership to every aspect of the energy industry.
At Amp, we power change.
For more information, please visit www.amp.energy
