Solar independent power producer Etrion has announced an update on its 45 MW Niigata solar photovoltaic project under development in the Niigata prefecture in northern Japan.
The Niigata project is a 45 MW ground-mounted fixed-tilt solar PV power project supported by a Feed-in Tariff of 36 Yen per kWh. It is subject to a three-year limit for development from March 31, 2017 and is expected to commence operations by Q4-2021, based on the current construction schedule.
Etrion has completed the purchase of all the required land, secured the necessary agreements with members of the local community and obtained a forest development permit. The company is now finalising its civil engineering works and the engineering, procurement and construction contract negotiations, expecting to reach financial close in the second quarter of 2019.
“I am very pleased to announce that our 45 MW Niigata project has obtained the forest development permit” said Marco A. Northland, Etrion’s Chief Executive Officer. “We now have all the necessary permits for this project and have reached the ‘Ready-to-Build’ stage. We are on track to reach financial close before the end of June and begin construction shortly after. Today, we have 57 MW of operating assets in Japan, and the Niigata project will almost double our installed capacity by 2021.”