September 7 (Solar) – Canadian solar developer Grasshopper Solar said on Thursday it will invest USD 80 million (EUR 68.83m) in a 21.6-MW photovoltaic (PV) project in Fukuoka Prefecture.
The ground-mounted PV scheme belongs to local Setouchi Koken. Lizuka, as the solar power plant is named, will have 65,455 solar panels. It is expected to generate some 26,136 MWh of clean energy per year while offsetting 19,451 tons of carbon dioxide (CO2).
Setouchi, together with its Japanese partners, will start construction works in the last quarter of the year. Commissioning is scheduled for the third quarter of 2020.
When completed, Lizuka will sign a 20-year power purchase contract with the Ministry of Economy, Trade and Industry (METI) under the country's feed-in tariff (FiT) programme with a price of JPY 36 (USD 0.33/EUR 0.28) per kWh, the company noted.
Grasshopper Solar already has a Japanese pipeline of USD 1.2 billion in solar power projects.
(USD 1 = EUR 0.86)
(JPY 100 = USD 0.90/EUR 0.78)