Japan: Meeco Group announces joint venture with BIJ, finergia

Initially, the joint company, oursun Japan Holding AG, will install 30 MW of grid-connected photovoltaic projects, which will be deployed in the first quarter of 2014.

As reported last February, the three parties had signed a memorandum of understanding (MOU) in Yokohama.

Meeco will offer to the joint venture their off-grid solutions, such as its solar and energy storage and solar water pumping products. Both Japan and its neighboring markets, including the Fiji islands are a focus.

While BIJ Corporation will manage the local resources in Japan, identify sites for the installation of projects and supervise their implementation, meeco and finergia have said they will take charge of finding solutions and professionals for the projects, and be responsible for financial advisory services under project finance schemes.

"As a global player in the solar energy market, it was important for The meeco Group to take part in this significant evolution in Japan by assigning resources and skills to market cooperation involving qualified local companies," stated Dieter Trutschler, sales director of meeco.

He added, "The opportunity to be present in the market came through finergia’s CEO, Mr. Andrea Gatti, a long-term partner of meeco who has previously been involved in solar energy projects in Italy."

No further details on the projects were revealed.