GEEnergy

Situated in the Okayama prefecture, the project was formally commissioned in March this year. It is delivering enough power to meet the demands of 11,000 households in Japan.

Tokyo-based Toyo Engineering Corporation undertook the engineering, procurement and construction of the project, which is operated by Okayama-based Asahi Dengyo.

The solar farm secured $101m in non-recourse project financing from Mitsubishi UFJ Financial Group and Chugoku Bank.

Chugoku Electric has agreed to buy the energy generated from the project under a 20year power purchase agreement.

GE Energy Financial Services Asia Pacific managing director and head Sushil Verma said: "We are pleased to see our first ever investment in Japan come to life and start generating clean power that helps the country meet its renewables energy targets."

GE Energy Financial Services and Virginia Solar have invested in two other power plants in Japan, a 42MW project that is anticipated to complete in the second half of this year and a 96MW development that is due to be finished in 2018.


Image: The 32MW Kumenan Mega Solar project in Okayama prefecture, Japan. Photo: courtesy of General Electric Company.