Tokyu Land to build 92 MW plus storage in Japan

Property developer Tokyu Land has revealed plans to pair 92 MW of solar with 25.3 MWh of lithium-ion storage capacity on the northern Japanese island of Hokkaido, in cooperation with Mitsubishi UFJ Lease & Finance and Green Power Development Corp. of Japan.

Image: Green Power Development Corp of Japan

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Construction of the 92.3 MW array began in July, with completion scheduled for fiscal 2019, according to an online statement. The installation is being built on 163 hectares of land near the city of Kushiro. Bank of Tokyo-Mitsubishi UFJ will help to finance the project, but did not disclose financial details.

Tokyo-based Fuji Electric will serve as EPC contractor. The PV module and battery suppliers were not identified. Green Power Development Corp. of Japan, a Tokyo-based renewables developer, has worked on the development of roughly 200 MW of solar capacity in Japan over the past five years.

Last March, Mitsubishi UFJ Lease & Finance teamed up with SoftBank unit SB Energy to acquire 30 MW of solar in Tomakomai, Hokkaido, from Japanese conglomerate Marubeni. Tokyo-based Marubeni finished building the project in October 2015.

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In June, Fuji Electric placed a PV module supply order with China’s JinkoSolar for a 38.4 MW PV plant it is building in Tomakomai. The project will also include a 10 MWh storage system. The array will be connected to the grid in the first quarter of 2018, backed by funding from Germany’s Aquila Capital and Green Power Development Corporation of Japan.

In August, Tokyu Land and developer Renewable Japan announced plans to jointly develop 250 MW of PV capacity in the country.

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