SCA to Invest in First Mega-solar Business in Peru

PDF[98.7 KB]

Aug. 17, 2015
Sojitz Corporation
Sojitz Corporation of America

Sojitz Corporation of America (head office: 1120 Avenue of the Americas, 7FL, New York, NY 10036, U.S.A.; President : Shinichi Teranishi; hereafter “SCA”) reached an agreement with Grupo T-Solar Global, S.A. (T-Solar) and injected capital in the Majes and Reparticion Solar Power Plants in Peru, becoming owner of a 49% equity interest. T-Solar is affiliated with Grupo Isolux Corsan, S.A. (Isolux) of Spain, which has a business record spanning more than 80 years.

The Project is the first mega-solar project (total output of the two plants: 44.328 megawatts) in Peru, located in a sunlit area at the south end of the country. The Project began commercial operations on July 1, 2012 and has two 20-year fixed-price power purchase agreements guaranteed by the Ministry of Energy and Mines of Peru. The Project has attracted attention as the first utility scale solar power generation business in Latin America with interconnection via Peru’s national power grid. SCA will further strengthen collaboration with Isolux through electricity and infrastructure projects in the Americas starting with this Project.

150817en.jpg

【Locations of the Majes and Reparticion Plants】

Peru boasts one of the highest levels of economic growth in Latin America as well as sound economic policies and more advanced legal frameworks in terms of the introduction of renewable energies. The country is expected to bring approximately 1,000 MW of renewable energy online in the next decade.

The Sojitz Group has developed solar power generation businesses in Japan and Germany. The Project will allow the Group to accumulate further operational know-how in the field. Sojitz will continue to actively promote its renewable energy business, including its mega-solar power projects, to contribute to the development of a sustainable society.

150817_02.jpg

       【Majes Solar Power Plant】        【Reparticion Solar Power Plant】

Profile of Grupo Isolux Corsan, S.A.

Company Name Grupo Isolux Corsan, S.A.
Main business EPC, infrastructure, energy, and concessions
Established 1928
Head office Madrid, Spain
Shareholder(s) Construction Investment Sarl

Profile of Grupo T-Solar Global, S.A.

Company Name Grupo T-Solar Global, S.A.
Main Business Solar power generation
Established October, 2006
Head Office Madrid, Spain
Shareholder Isolux Infrastructure, S.A.

Overview of Majes Solar Power Plant

Company Name GTS Majes S.A.C.
Main Business Photovoltaic power generation business
Business Location Arequipa, Peru
Site Area 105.61 ha
Installed Capacity 22.164 MW

Overview of Reparticion Solar Power Plant

Company Name GTS Reparticion S.A.C.
Main Business Photovoltaic power generation business
Business Location Arequipa, Peru
Site Area 94.77 ha
Installed Capacity 22.164 MW
Posted in: