JinkoSolar, a Chinese Tier-1 vertically integrated solar company, announced today that it is to supply solar modules to a 38.4 MW PV plant being built in Tomakomai on the Japanese island of Hokkaido.
Shipments of the high-efficiency solar modules will begin in July through November, with Fuji Electric Co, the plant’s developer, to receive and install them over Q3 and Q4. The solar plant will also boast a 10 MWh storage system, which will help to deliver variable load to the local grid.
Funding for the project comes via Tokumei Kumiai investments made by Japanese firms, while Germany’s Aquila Capital is also involved, as is the Green Power Development Corporation of Japan.
Connection is pencilled in for the first quarter of 2018, and Fuji Electric has already secured a feed-in tariff (FIT) of ¥40 /kWh.
JinkoSolar has held the position of world’s largest solar module maker for over a year, and in Q1 appeared to strengthen its lead at the top of the Tier-1 bracket when it announced that it had broken the 2 GW shipment barrier in the first quarter for the first time. No other company has surpassed this milestone before.
An anticipated slowdown in the second-half of the year in JinkoSolar’s home market of China has compelled the firm to ramp up its supply activities in foreign markets, Japan being one of them – despite Japan’s own utility-scale sector poised to flatline over the coming years.