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X-ELIO maintains its leading position in Japan after being awarded in the first Feed-in-Premium auction – EQ Mag Pro

X-ELIO maintains its leading position in Japan after being awarded in the first Feed-in-Premium auction – EQ Mag Pro

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  • X-ELIO has been awarded 15 MW, for 20 years since COD, in the 1st Feed-in-Premium (FIP) auction launched by Japan’s Ministry of Economy and Trade Industry (METI)

  • The project to be developed by the firm will be located in the Yamaguchi Prefecture with an estimated operation date by the end of 2024

Madrid : X-ELIO, a leading global company specialized in the development, construction, financing, and operation of renewable energy projects has been awarded with 15 MW in the first Feed-in-Premium (FIP) auction launched by the Ministry of Economy and Trade Industry (METI) in Japan, in which it has granted 153.7 MW of new solar PV capacity.

The firm’s 15 MW project, has been awarded in this 1st FIP auction for 20 years since COD. It will be located in the Yamaguchi Prefecture, and the estimated commercial operations date is expected to be in the second half of 2024.

X-ELIO established operations in Japan in 2012 and since then has successfully developed 380 MW of 100% renewable energy. With this achievement X-ELIO seeks to keep growing and reinforcing its position in the country while contributing to Japan’s “Beyond-Zero” Carbon ambitious roadmap.

Japan has an enormous challenge ahead to reach its net-zero ambitions and X-ELIO’s team is highly committed to develop innovative structures to continue at the forefront of the Japanese solar industry.

Toshiaki Isoi, Country Manager of X-ELIO in Japan

X-ELIO is committed to support Japan`s ambitions to make renewable energy a major power source within the local energy mix and we are delighted to have been awarded by this new important market mechanism.

Mirko Molinari, Chief Commercial Officer of X-ELIO

About X-ELIO:

X-ELIO is specialized in the development, construction, financing and operation of sustainable energy projects with a global presence in Europe, the United States, Latin America, Japan and Australia. The firm has 17 years of experience with more than 2.6 GW built. The group is a world leader in the development of renewable and sustainable energy, with a strong commitment to greenhouse gas reduction and the fight against climate change.

Source: x-elio
Anand Gupta Editor - EQ Int'l Media Network