Kushiro Airport is less than a 10-minute drive south and along the Hokkaido Nemuro Line of the eastern Pacific coast of Hokkaido, it is almost a large area in the middle of Kushiro Station and Dai-mao Station. Eurus Energy Holdings (Minato-ku, Tokyo ) The megawatt-scale photovoltaic power station "Eurus White Solar Solar Park" was built along the coast.
Eurus Energy plans to start construction of a photovoltaic power plant here in 2011. At that time, it aimed at the fixed price purchase system (FIT) that was scheduled to be launched the following year.
“The sunshine in the eastern part of Hokkaido is abundant, and it is also available in Japan. The cool white climate in summer is particularly suitable for photovoltaic power generation.†At the completion ceremony on June 20th, the president of Eurus Energy's Masahiko Shimizu emphasized the importance of the company’s megawatt photovoltaic business in the town in the face of local relations with Shiro Kitagawa, the head of Shiramachi Town.
Two funds become their own, 8 become a project loan
Eurus Energy first built a photovoltaic power plant in 2008: The company built a photovoltaic power plant with an output of 997kW in Jeollabuk-do, South Korea, which launched the FIT prior to Japan. At that time, the company actually felt that "the risk of photovoltaic power generation is less than wind power." It has been speculated that wind power generation requires at least one year's local wind conditions, while photovoltaic power generation can be estimated based on sunshine hours, daily sunshine, and temperature data released by various agencies such as the Meteorological Agency. Moreover, there is no need for environmental impact assessment of wind power generation. The wind condition investigation and environmental impact assessment of large-scale wind farms will take 5 to 7 years, and construction will take 2 years. Photovoltaic power generation has less obstacles to construction than wind power. Moreover, it is relatively easy to apply business models such as land use and grid-connected business experience accumulated in wind power generation, and fund recovery.
The total cost of the 30MW photovoltaic power station in Shirakawa is 10 billion yen. Eurus Energy has established a special purpose company (SPC) with a capital contribution of approximately 2 billion yen, equivalent to 20% of the total operating expenses. The remaining 80% of funds are raised through the use of project loans. Self-owned funds accounted for 20%, and the remaining 80% of funds were raised through the establishment of SPC, using non-recourse loans, which is basically the same as the wind power business model of the company.
The design, procurement, and construction (EPC) companies that supervise the construction of megawatt photovoltaic power plants commissioned the four power projects under the four-nation power company. The company is actively engaged in the construction of wind farms and megawatt-scale photovoltaic power stations. It is deeply involved with Eurus Energy in the construction of wind farms. The previous trust relationship has played a role in the construction of a large-scale megawatt photovoltaic power station in Hokkaido.
Solar panels are Kyocera products, and inverters (PCS) are manufactured by Toshiba Mitsubishi Electric Industrial Systems (TMEIC).
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