The Firm, global leader in asset management, technical advisory and investment services in the green power industry, is performing technical advisory services for ING BANK for a solar PV plant developed by Nippon Solar Services in the Oita prefecture, Japan.
The service involves rendering technical advice in a 33 MW solar PV project. The project successfully reached financial close the 8th of December 2015 with ING Bank as senior debt lenders for a total amount of 100 million dollars and is expected to begin construction in the first quarter of 2016, and start operations in 2018.
The plant will be located in the Japanese prefecture of Oita where Vector Cuatro has already given support to other projects which total more than 250 MW. Vector Cuatro has already carried out the Technical Due Diligence of the project and will start monitoring the construction and performing the verification of milestones once construction begins.
The firm considers Japan as one of its main markets. Since its opening in 2012, Vector Cuatro Japan has strengthened its presence considerably, offering technical services, consulting (selection and negotiation of EPC contractors, construction projects, advice for project financing, etc.) and asset management services. In 2015 the company moved to a larger office in Tokyo country and continued to increase its professional team.
With this 33 MW project, the Firm accumulates an expertise in technical services of over 4,000 MW in more than a hundred of projects in Japan.