Japanese developer Pacifico Energy has started construction of an over 102MW solar farm in Ako, Japan.
The 102.144MW Ako project in Hyogo Prefecture is being constructed on the site of a golf course.
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It is expected to be operational in spring 2021 when it will produce about 125 million kilowatt-hours of electricity a year.
Kansai Electric Power will buy all the power generated by the plant for 20 years at a price of ¥24 (€0.19)/kWh.
MUFG Bank arranged the lending for the project, with Mitsubishi UFJ Morgan Stanley Securities financial advisor and Baker McKenzie was legal counsel to Pacifico Energy.
Ako is Pacifico Energy’s 11th solar project and brings the total capacity in its portfolio to 930MW, of which 227MW are operational.