Sybac Solar has signed and executed an asset transfer agreement with a Japanese investor for a 2,2 MW facility located near the Kofu city in Yamanashi, Japan.
Thanks to an improved system design, using the latest technology in combination with favorable irradiation and weather conditions, the plant has an exceptional high specific yield of 1400kWh/kWp per year.
Our policy is to go beyond the expectations of our customers for the highest quality. We always do our best to propose outstanding state-of-the-art solutions for each individual project. Our great concern is not limited to technical matters. We know that every single aspect of a project is of great importance for our customers. This is why we offer turnkey solutions which include not only the project development, financing and construction, but also a complete and transparent documentation as well as reliable transaction security, explains Sybac Solar Japan CEO Michael Rieber.
One of the most challenging tasks in the solar business in Japan is project financing. The biggest reason is because banks in Japan, whether domestic or foreign-based, are reluctant to provide non-recourse financings and require project developers to satisfy a number of requirements. So during the development phase, Sybac provided the needed funds to secure the land and project rights.
With its profound international experience in diverse countries with different cultures, particularly in France where the development process is very similar to the Japanese system, as well as thanks to its established network both in and outside Japan, however, Sybac Solar made it possible to have the investment secured. We worked very closely with our partners, comments Michael Rieber, in order to complete the project and transfer it to the investor in the shortest time possible.
Besides the Yamanashi facility, Sybac Solar has also secured a number of projects in different regions in Japan exceeding 80 MWp. A considerable part of it is already ready to build and its construction is going to commence within the next six weeks. The representative director of Sybac Solar Japan, Satoshi Takayama, is very pleased with the current situation: I am very much looking forward to our new facilities coming into being. We are happy to be able to provide my country with clean, reliable and affordable solar energy in many years to come!
