Development, investment and operation of utility-scale solar photovoltaic power generation projects

Our team members have played leading roles in development, investment,
construction and operation of renewable power plant in Japan and overseas at large international energy companies. We can take advantage of our experience through the projects we engaged in.

OUTLINE

We maintain the expertise in the whole stage from the site selection through to the commercial operation.

stage1 stage2 stage3 stage4

1. Selection of the potential site

We pursue a potential site after appraising value of land, calculating the amount of solar radiation and snowfall, transmission capacity, permitting-related issues and average yearly temperature.

In case you introduce land to us, we will hear from you about the site information and we will explain about contract style and condition to you. And then we will execute the due diligence: a survey for apprising value of land including the site inspection.

2. Examination of economic efficiency

Based on our experience, we examine an economic efficiency, e.g. funds required for solar PV development in the potential site, estimated power generation capacity, maintenance & operation cost.

1. Land sale contract negotiation・execution

We have the final consultation with the draft of contract we make, and then conclude it after the condition is completed. In case you introduce land to us, it takes about 1 to 3months from the introduction until conclusion of a contract.

2. Permitting process ( Environmental Impact Assessment, Agricultural Land Act,  the Building Standards Act, the Forest Act etc.)

We have members who are familiar with procedure for real estate for solar PV project and permitting process. So including the land purchase/lease, we can drive solar PV project at once from the phase of the development, construction, to the operation.

3. Power  purchase and sale agreement with electric power companies.

4. Design and engineering

5. EPC negotiation

We negotiate with manufacturers here and abroad directly for PV module, inverter and racking.

6. Composition of Project Finance and negotiation with the banks.

1. Construction management

Especially on the phase of design, installation, we try to maximize scale of power generation.
● Maximize installation space utilizing particular overseas racking system.
● Maximize the quantity of installation per unit area(GCR) minimizing the space of array.
● Cut waste e.g. gap of modules and module frame, utilizing a 72-cell module which is larger than a normal 60-cell module.

2. Asset management (Bank facility drawdowns, Finance and accounting)

3. Quality control

4. Reporting

1. Maintenance and Site Management

We supervise and manage ongoing plant operations to ensure reliable and optimized plant performance. This work includes overseeing the onsite operations and maintenance contractor, planned and unplanned maintenance, spare-parts management, coordinating workflow, and determining performance trends to increase the efficiency and output of the power plant. Our team also handles local community relations with relationships carried over from the development and construction phase.

2. Monitoring

All of our power plants have sophisticated SCADA systems installed which monitor and report many kinds of operational data on minute-by-minute detail. We monitor this data on an ongoing basis and analyze to determine any yield loss due to factors such as snow, soiling, or module degradation. Our plants also have various weather monitoring stations installed which include detailed solar irradiance measurements.

3. Asset management

Our asset management work includes all the tasks involved in the business side of the operations. This work involves reporting to investors and lenders, ensuring payments, managing contracts and guarantees, overseeing warranties and any warranty claims, maintaining project insurance, filing taxes, managing audits, and creating financial reports.

STRENGTH

A group of professionals experienced
in solar power projects

Important factors for the development of solar power generation in Japan are as follows.

  1. Site determination
  2. Facility certification by the Ministry of Economy, Trade and Industry
  3. Interconnection Acceptance by power company
  4. Permitting process

We promptly identify risks related to these factors and work to eliminate them. Our members have been engaged in the development of solar power generation since 2010, i.e. before the start of the fixed price purchase system for renewable energy, and are familiar with the contents of discussions so far made with power companies.

A group of professionals experienced<br>in solar power projects

Speedy development and
decision making

With a small and flat organization, we can make decisions quickly. When all the risks are identified, final decision and approval can be made. We have also succeeded in reducing construction period without impairing performance and quality by incorporating the standardized process and advanced layout software in the EU and the US into the development design phase.

Speedy development and decision making

Financing capacity

Utilization of project finance will enable financing totaling over 10 billion yen.

To make a project eligible to receive project finance, due diligence (details examination) and various reports will be required. In addition, execution of land agreement, specific connection agreement, construction contract, which reflect the requirements of the banks, will be required. We have lined up a number of professionals who have experienced in structuring project finance to proceed with consultation about the conditions of such agreements.

Financing capacity

About Project Finance (PF)

PF is a method of funding called "structured finance," i.e. "a method enables financing that is not dependent on the credit capability of a business entity but secured by the project to be undertaken or assets held by the entity."
This is internationally recognized as a common method of financing for large-scale energy and infrastructure construction projects such as for petroleum, gas, and electric power. The important factor of PF is "financial stability and risk until the completion of repayment for the project," i.e. capabilities of the personnel involved with project structuring / construction / operation and profitability of the project.

About Project Finance