Pattern, Green Power Complete 42-Megawatt Solar Farm in Japanby
Pattern Energy Group LP, a San Francisco-based renewable-energy developer, and Green Power Investment Corp. completed a 42-megawatt solar farm in Japan.
The Futtsu Solar farm has a 20-year power purchase agreement with Tokyo Electric Power Co. and uses Kyocera Corp. panels, Pattern said in a e-mailed statement Wednesday.
Futtsu is Pattern’s first solar farm to go into operation in Japan. Demand for clean energy in the country swelled in the past several years following the 2011 Fukushima nuclear disaster, and it’s now the second-biggest market for solar power, after China.
General Electric Co. has a stake in the project in Chiba prefecture and Mitsubishi UFJ Financial Group Inc. led a group of four banks that provided financing.