Yokohama-machi 500MW solar power plant

1/2/2015
Project development

¥ 200 billion

$ 1.6 billion

Announced

1/2/2015


Overview:

  • Yokohama-machi 500MW solar power plant.
  • The project involves the construction and operation of a 500MW photovoltaic power plant in Yokohama Town, Mutsu City, Aomori Prefecture.
  • The project is being developed by Photovolt Development Partners (PDPG), a German developer, with local partners.
  • 500MW is the largest capacity ever established in Japan, and the project is among the five largest solar power generation plants in the world.
  • This project is led by the municipality—Yokohama Town, Mutsu City—itself which prepared a basic plan to use farm lands destroyed in the 2011 earthquake under a new law.
  • The project aims to boost the local economy, support the creation of jobs, tax revenues, tourism and education, during the construction phase and the projected 20 years of operation.
  • The electricity produced from several sites will be fed into an internal grid network and delivered to Tohoku Electric Power via a high-voltage power cable, which is unprecedented in Japan.

Adam Majeed - Regional editor

Jurisdiction:

Japan

Deal type:

Project development

Practice area:

Project development

Industry sector:

Energy


Firm:

Party: Photovolt Development Partners (Project developer)

Lawyer: Yutaka Sakai