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On April 25, 2016, Trina Solar announced a partnership with General Electric Energy Financial Services to invest in a 14MW utility-scale solar photovoltaic project
in Ishinomaki, Miyagi Prefecture, Japan.
As part of the partnership, GE Energy Financial Services will hold 85% of
the PV project under the member's share purchase agreement.
Depending on their respective interests, both companies will make a proportional capital contribution
to this project.
Trina Solar's Japanese subsidiary has been contracted to develop the project and to be responsible for project design, procurement and construction management (EPCM
).
Equipped with Trina Solar's PV modules, the project is scheduled to begin construction at the end of April and is expected to reach commercial operation
in June 2017.
Solar power is expected to sell for approximately $0.
32/kWh
.
The solar power of this project is enough to meet the electricity needs
of about 4,400 Japanese households.
The plant has a 20-year power supply agreement with local utility, Tohoku Electric Power Company (TEPCO), at a price of 36 Japan (about $0.
32)/kWh
.
Since 2014, GE Energy Financial Services has invested in six solar projects in Japan, three of which were put into commercial operation
in 2016.
On April 25, 2016, Trina Solar announced a partnership with General Electric Energy Financial Services to invest in a 14MW utility-scale solar photovoltaic project
in Ishinomaki, Miyagi Prefecture, Japan.
As part of the partnership, GE Energy Financial Services will hold 85% of
the PV project under the member's share purchase agreement.
Depending on their respective interests, both companies will make a proportional capital contribution
to this project.
Trina Solar's Japanese subsidiary has been contracted to develop the project and to be responsible for project design, procurement and construction management (EPCM
).
Equipped with Trina Solar's PV modules, the project is scheduled to begin construction at the end of April and is expected to reach commercial operation
in June 2017.
Solar power is expected to sell for approximately $0.
32/kWh
.
The solar power of this project is enough to meet the electricity needs
of about 4,400 Japanese households.
The plant has a 20-year power supply agreement with local utility, Tohoku Electric Power Company (TEPCO), at a price of 36 Japan (about $0.
32)/kWh
.
Since 2014, GE Energy Financial Services has invested in six solar projects in Japan, three of which were put into commercial operation
in 2016.
