This ground-mounted plant was built under the Japanese feed-in-tariff (FiT) scheme and are part of a portfolio of projects totaling 120 MW being leading-funded by the third largest investment management company in US, developed and co-funded by Enfinity Global, affiliate of EverStream Capital Management, panels and after-sales service being supplied by Jinkosolar.
In April2021, the funder raised $4.9 billion for its third Global Renewable Power Fund (GRP III), aiming at developing renewable energy in Asia and other emerging markets to accelerate initiatives to tackle climate change. This Kumamoto Ken project is a rare exception for this asset giant who has been dived into modules and supplier selection and evaluation to maximize the project IRRs.
“Renewables are increasingly becoming a standalone allocation for investors and one of the most active sectors in infrastructure,” said Gener Miao, CMO of Jinksolar, “and the success delivery of this project reflects strong investor demand for high efficient, high reliable and performance solar panels to add more value to renewable power assets. By combining 100 GW of global track-record and renewables experience as well as the leadership of our Japanese local team. we believe we can support the country to achieve its ambitious target that renewable energy will be “major power source” for Japan by 2030.”
