X-ELIO connects 16-MW solar plant to Japan's grid

January 31 (Renewables Now) - Spanish solar developer and operator X-ELIO announced today it has connected to the grid a 16-MW solar park in the prefecture of Chiba on Japan's eastern Pacific coast.

Named Sodegaura, the photovoltaic (PV) plant required an investment of USD 55.71 million (EUR 51.09m).

Financial close was achieved in February 2022 with French bank Societe Generale SA (EPA:GLE) and Dutch lender ING Groep NV (AMS:INGA).

Through Sodegaura's commissioning, X-ELIO should be able to feed 19 GWh of clean energy per year into the Japanese grid, according to a previous statement.

The company says it plans to continue to invest in the Japanese market. “We will continue to work to identify and develop new projects that will enable Japan to accelerate its energy transition to clean energy, supporting its "Beyond-Zero" CO2 reduction roadmap and strengthening our position in the country”, added CEO Lluís Noguera.

(USD 1.0 = EUR 0.917)