IBC SOLAR and BRUC Capital signed the framework agreement for the sale of a project pipeline comprising 27 projects and 37 MW of photovoltaic solar power parks in Japan to be built within the next three years. The corresponding initial investment exceeds 90 Million Euros. In order to finance this operation, the Macquarie Group and BRUC Capital will join their contributions.
Strategic cooperation partners
“We are very pleased with our strategic relationship with BRUC Capital and Macquarie, which has positively developed over the last months, bringing together the professionalism and know-how of our companies”, states Udo Möhrstedt, CEO and founder of IBC SOLAR AG. The President of BRUC, Juan Béjar, considers this agreement as “a considerable step forward to consolidate the project of BRUC Management as a conduit of investments in the sector of the renewable energies at global level”.
Pipeline of over 60 MW in Japan
With focus in the medium-size segment of projects with ab capacity up to five MW, IBC SOLAR started operations in Japan back in 2014, and has already constructed more than ten MW in this country. “With this agreement, IBC SOLAR Energy is reaching its first important milestone by closing the loop started two years ago: the subsequent setting of IBC SOLAR Projects KK and the development of a comprehensive pipeline of over 60 MW in Japan”, says Antoni Beltrán, COO of IBC SOLAR Energy GmbH.
Construction of other PV plants starts in October
The agreement includes the sale transaction of the first two projects: a 1.6 MW plant in the Toyama prefecture and a 0.5 MW plant in the Gifu prefecture. “IBC SOLAR’s extensive experience in the development and implementation of large-scale projects is fulfilling the demanding requirements of customers like BRUC Capital and Macquarie“, states Beltrán. The construction of another two PV plants located in the Saitama and Ibaraki prefectures and totalling a capacity of 3.5 MW is planned to start in October 2016.
More than 400 MW in SE Asia, India and Japan
IBC SOLAR Energy GmbH focusses on the Asian PV markets, leveraging of substantial synergies of this regional strategy. “We are developing a consistent pipeline of more than 400 MW in Japan, India and South East Asia”, says José María Llopis, CEO of IBC SOLAR Energy GmbH. "The market conditions and requirements of these countries are quite diverse, and only through IBC SOLAR's broad experience of 33 years in the development of PV projects worldwide are we able to cope with each market's challenges." (HCN)
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