Yingli wins 32MW Japan order
China’s Yingli Solar has clinched a 31.6MW deal to supply modules to a PV project under development in Japan.
Yingli will deliver more than 125,000 multicyrstalline modules to Spanish developer Gestamp Solar, which is building the PV plant on a disused golf course in Japan’s Ibaraki prefecture.
Gestamp said the plant is one of the largest yet developed in Japan by a foreign company.
The Spanish group announced in June that it would build the array, marking its first PV development in Japan.
It secured a ¥11.1bn ($109.6m) non-recourse loan with Deutsche Bank to finance construction of the plant, which is expected to be grid-connected in the second quarter of next year.
Gestamp is the latest in a string of companies to develop solar on former golf courses in Japan. The archipelago is littered with unused golf courses, many of them abandoned after the “bubble era” or shuttered after the massive earthquake and tsunami that devastated northeastern Japan in March 2011.
Yingli said its shipments to Japan had surged 50% in the first quarter of 2014 compared to the final three months of 2013.