GLP
will
invest
$82m
in
its
first
solar
projects,
which
will
total
29.6MW
in
capacity
and
are
expected
to
generate
enough
electricity
to
supply
5,300
homes.
Installation
will
start
in
April,
with
the
projects
scheduled
to
be
operational
by
March
2014.
GLP
will
sell
the
electricity
to
Japanese
utilities,
benefiting
from
the
country's
generous
solar
feed-in
tariff
rate
of
42
yen
($0.52)
per
kWh
for
20
years.
“The
solar
panels
create
a
new
revenue
stream
for
GLP,”
says
GLP
Japan
president
Yoshiyuki
Chosa.
GLP
expects
to
generate
a
levered
internal
rate
of
return…
