LS Industrial Systems (LSIS) landed a 46 billion won (US$41 million) solar power plant order from Japan, proving its competitiveness in Japan.
LSIS announced on September 14 that the company was selected as a construction and operation company for an 18 MW (megawatt) Hanamizuki solar power plant to be built in Ishikawa Prefecture, Honshu of Japan. The project scale is 4.55 billion yen.
LSIS will be in charge of the construction process from design to procurement and construction work by signing an EPC turnkey project contract with the ordering company “Ishikawa Hanamizuki 1 Joint Company.” The company will also operate and maintain the power plant for the next 20 years.
LSIS will build an 18MW solar power plant on land of about 300,000 square meters in Kashima, Ishikawa Prefecture from this month through March 2019. After completion, the power plant will supply the volume of electric power that can be used by about 5,000 households to local Hokuriku Electric Power every year for 20 years at 36 yen per kWh.
This is LSIS’ third largest solar PV project in Japan. In 2013, the company won an order to build Mega Solar Park Power Plant from Mito New Town, Ibaraki Prefecture, and last year landed a 39MW solar power plant order from Chitose, Hokkaido.
Experts evaluate that LSIS succeeded in winning the order based on the business experience and technology credibility which the company has accumulated after entering the Japanese solar power generation market for the first time in 2009. LSIS is planning to focus on the local large-scale solar power generation market with its world-class smart energy technology and EPC capacity while expanding its business areas in the home solution and floating photovoltaic power generation sectors.