Chicago-based Invenergy has formed a joint venture with a unit of SoftBank to build two solar photovoltaic plants in Japan with a combined generation capacity of 20.9MW.
The deal to build the 10.5MW Queens project in Fukushima prefecture and the 10.4MW Koumi Kogen project in Nagana marks Invenergy’s first major commercial transaction in Japan.
Both projects are slated to go live in the 2018 fiscal year, Invenergy said.
Japan introduced a feed-in tariff program in 2012 to encourage alternative energy sources in the wake of 2011’s Fukushima nuclear disaster.
Image: SXC
