Cutting Nuclear
LG CNS said on July 21 it has won a 130 billion won (US$112 million) project to build a 33 megawatt solar power plant in Japan over the next two years.
With the deal, the Korean system solution provider has won three solar power projects on the island of Kyushu, Japan, with their combined power capacity reaching 43 megawatts.
LG CNS signed the deal with Oita Solar Company, a special purpose company (SPC), in which U.S.-based solar developer Sonnedix has a stake. The SPC won the entire project to build the plant in the city of Imaichi, Oita Prefecture. Sonnedix is an Independent Power Producer specialized in solar energy.
The project was highlighted by LG CNS’s lining up with its sister company LG Electronics to provide high-efficiency 315 watt solar power modules to meet the project requirements. LG CNS will implement the engineering, procurement, and construction for the project.
LG CNS also is under discussion with Sonnedix as a preferred bidder for four additional solar power plant projects in Japan, which will generate 80 megawatts of power using modules made by LG Electronics.
The size of the Japanese solar power generation market reached 9.7 gigawatts as of last year, the second-largest in the world following China's 10.6 gigawatts. Since the Fukushima disaster, Japan has tried to cut its reliance on nuclear energy and produce more renewable energy.
LG CNS will seek to expand the solar power business with Sonnedix in Japan and other countries based on the project. Earlier in June, LG CNS signed an agreement to team up with the U.S. solar developer for projects in Central and South America.