Switzerland-based Etrion Corp. says it is making progress with its partner Hitachi High-Technologies Corp. (HHT) on the first two solar power projects in Japan.
Marco A. Northland, Etrion's CEO, says the partnership has secured the feed-in tariff and has recently executed land agreements for the Shizukuishi and Mito solar power projects, with a combined total capacity of 34 MW.
Etrion has entered into a development agreement with HHT to build, own and operate the 9.3 MW Mito solar park. Construction of the $30 million Mito facility is scheduled to begin in the second quarter of this year, and it is expected to be operational in the first half of 2015. Once operational, Mito is expected to produce approximately 10 GWh of electricity per year.
Etrion has also entered into a development agreement with HHT to build, own and operate the 24.7 MW Shizukuishi solar park. Construction of the $75 million facility is expected to begin in the second half of the year, with operational capability targeted for the fourth quarter of 2015. Once operational, Shizukuishi is expected to produce approximately 24 GWh of electricity per year.
The electricity from both projects will be sold to local utilities under 20-year, fixed-rate agreements.
