Aquila Capital completes and sells second solar PV project in Japan

Aquila Capital reference PV plant
Aquila Capital reference PV plant

Aquila Capital (Hamburg, Germany) has completed the development of a photovoltaic (PV) project in Japan with an installed capacity of 38.4 MW and has sold it to a local institutional investor, the company announced on April 12th, 2017.

Aquila Capital will manage the solar park for the duration of the term.


This is Aquila Capital’s second PV project since establishing a presence in Japan in 2012 and it underlines the company’s continuing commitment to this promising market. Aquila Capital focuses on acquiring PV projects at an early stage of development and further developing them from full approval or construction phase to sale.

“This investment reflects the current outlook in the Japanese photovoltaic market;” comments Boris Beltermann, responsible for Aquila Capital’s solar business in Japan.

Market-ready projects are particularly interesting for local institutional investors, so developing projects that already have secured feed-in tariffs is an attractive strategy for our investors.”


More investments planned in Japan

The Japanese photovoltaic market remains active. Aquila Capital has built up resources and expertise in the country over the past few years and it will continue expanding its commitment.

The company’s strategy is to acquire early-stage PV projects with a volume of more than 150 MW and develop them until they are sufficiently mature for sale.

Even though a new feed-in tariff (FIT) system will come into effect as of April 2017, high remuneration levels remain valid for numerous projects that have already received prior approval. Regarding the latest project, Aquila Capital secured an attractive FIT of 40 Yen per kilowatt-hour through the earlier acquisition of the property area on which the PV system was developed.



Japan: Stable, legal framework and high level of sunshine

Since the reactor catastrophe in Fukushima, Japan has conducted an energy system transformation. Since 2012, this has included the adoption of a remuneration system that is similar to the one established under the German Renewable Energy Sources Act.










2017-04-14 Courtesy: Aquila Capital | © Heindl Server GmbH

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