Sina Finance: SEP’s Second PV Power Project in Japan Synchronized

The Sanda Hyogo PV Power Project, SEP’s second PV power project invested by its wholly subsidiary in Japan, was synchronized with the grid, announced SEP on February 17.

Located in Sanda City, Hyogo Prefecture of Japan, the 4.8MWp PV power project, covering an area of 109,000 square meters, was ratified by the Japanese government on February 8 and then granted with the power generation and selling permit. Once operational, the project is estimated to generate 5,800 MWh of power per year, with a feed-in tariff of 43.2 yen per KWh (tax inclusive).

The first PV power project invested by SEP Japan Company was Nanko Osaka PV Power Project, which produced 2,800 MWh of power for the grid in 2015.

SEP Japan holds a 70% stake in both of the above two projects.

With its superior geographical position and large-scale power generation, Japan’s local PV power industry enjoys a large installed capacity. In addition, a feed-in tariff equaling more than 2 RMB per KWh will ensure good profitability and thus SEP has confidence in these projects, a company official said recently.

Apart from Japan, the company’s business layout covers Malta, Australia, Tanzania and Turkey, etc. Its overseas businesses involve resource development, overseas investment and electricity services, including thermal power, new energy, hydropower and coal mining industries. It is reported that the company has put forward the objective of “building another SEP overseas by 2020”.

Recently, the company announced a total power generation of 35.23 TWh in 2015, with a year-on-year increase of 9.86%. The company attributed the increase mainly to the consolidation of newly acquired Huaihu Electric Power and Delimara 3 Power Plant of Malta as well as the commercial operation of a number of wind power and solar power projects. The Delimara 3 Power Plant, of which SEP holds a 90% stake, produced 664 GWh of power for the grid in 2015.

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