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Sky Solar To Bank Yuan On 4 MW Of Solar Power In Japan

July 25, 2012

Investors follow the money and currently Sky Solar, a solar investment firm based in Shangai, is pouring money into utility-scale projects in Japan. And they believe their investment will reward the company’s investors handsomely.

Sky Solar is commencing construction on the 2 megawatt (MW) Mihomura-Ibarakiken solar plant and the almost 2 MW Uto-Kumamoto solar plant on the island of Kyushu. The power generated will be sold to Kyushu Electric Power Company.

While China-based solar manufactures will probably benefit from the construction of these plants and the 18 additional 2 MW plants by providing modules, Sky Solar plans to construct in Japan this year, investors in Sky Solar will also reap the benefits of Japan’s push to develop solar power.

With electricity prices in Japan reaching $0.53 per kWh (compared to $0.157 in California), Sky Solar believes in can offer returns of up to 20 percent to its investors. Now if only solar manufacturers could offer a similar return.

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