IBC Solar lands in Japan, expands activities in India

Germany’s IBC Solar is expanding its footprint in Asia with new projects in Japan and India.

The PV company is entering the Japanese market with a number of large-scale PV plants set to be constructed in the coming months.

At the same time, IBC will realize another large-scale plant in India.

In Japan, the company will begin construction of a 2.3 MW solar park in Sakura, north of Tokyo, in May. The following month it will begin construction on a 1.6 MW solar park northwest of Tokyo. The projects will be the first in a range of large-scale projects that IBC is developing in Japan.

As engineering, procurement and construction (EPC) contractor on the 1.6 MW project, IBC is providing IBC PolySol 255 CS modules with a 25-year linear power performance warranty. A remote monitoring system designed by IBC will keep track of the energy yields of the park. Grid connection is planned for September 2014.

“As one of the oldest PV players worldwide, IBC Solar will bring invaluable experience and expertise to the Japanese photovoltaic market,” said IBC founder and CEO Udo Möhrstedt. “Our experience in planning and constructing plants and our solid financial structure allow our customers to get financing with local banks. This project is once again an example of our bankability, in this case with one of Japan’s largest banks.”

IBC is developing its project business activities in Japan through its two main project business lines, EPC services for third parties as well as developing and structuring its own large-scale projects in partnership with Japanese companies.

The company said the Japanese projects were driving its international growth strategy forward.

IBC also announced it was realizing its first megawatt-scale PV plant in India as an EPC contractor in cooperation with its local subsidiary. The 5.5 MW park is located in Bhadla, in the Indian state of Rajasthan, close to the Pakistani border.

The company said it ensured continuous quality control on the project, including final certification by Germany’s TÜV Rheinland. IBC has already realized five projects in India with a total capacity of 18 MW.

"The project in Bhadla is our first time working together with IBC Solar and its local subsidiary, which we know from their previous activities in the Indian market," said Shreeyash Bangur, director of LNB Renewable Energy.

"We decided to co-operate with a German EPC contractor who could offer us reliable bank guarantees and optimal project management whilst having the necessary knowledge of our business culture."