ZNShine Solar announce Japanese contract
ZNSHINE SOLAR, a manufacturer of mono- and polycrystalline photovoltaic modules, will deliver solar modules for the construction of a 31 MW solar power plant in Hamada, Shimane province, Japan. The power plant is fully owned by ZNSHINE Group.
The overall project capacity of the Hamada power plant is 31 MW, of which 11 MW will be set up in a first phase, followed by further 20 MW. The overall investment will be of 10 billion JPY (around 72 million EUR), and will benefit of a Feed-In-Tariff of 42 JPY per kWh.
The project will be built, developed and funded by the ZNSHINE Group. This will not only be the biggest solar power plant in Hamada, but is also currently one of the most interesting projects in Japan where a Chinese company invests proprietary capital and carries out the building and development of the project.
Solar modules by ZNSHINE SOLAR will be employed in the Hamada project, namely polycrystalline modules with 250W power, while the construction will be carried out by the EPC company Power Max, affiliated with the ZNSHINE Group. Power Max is a company specialized in the EPC business, an important extension of ZNSHINE Group to support their downstream business in Eastern Asia.
The CEO of ZNSHINE SOLAR, William Wang, comments: "The Japanese PV market has grown impressively in the past few years, and has huge potential. Since ZNSHINE SOLAR has entered the Japanese market, the sales of our solar modules has expanded at high speed, further driven by the steady expansion of development and construction of power plants by the ZNSHINE Group. The Hamada project has won both ZNSHINE Group and ZNSHINE SOLAR widespread support, and this has given widespread recognition and encouragement for our company. In the future, ZNSHINE SOLAR will further expand its cooperations in the Japanese market and strive to obtain even higher achievements. We hope that this project and further projects that we will develop in the future will catalyze the interest of investors not only in Eastern Asia, but worldwide."
