LS

■ Company completes solar power plant in Ishikawa Prefecture, Japan for a total project cost of KRW 46.0 billion
■ Signs PPA with Hokuriku Electric Power Company to supply power for about 5,000 households for 20 years
■ Responsible for overall operation and maintenance (O&M) and expanding the smart energy market share ?

LSIS recently completed the construction of a third mega solar power plant in Japan.

LSIS announced on March 6 that it had successfully completed the project with the construction completion ceremony for the 18MW Hanamizuki Mega Solar Power Plant, for a total project cost of about KRW 46.0 billion.

In September 2017, the company was selected as the contractor to build and operate the Hanamizuki Mega Solar Power Plant on a 300,000m2 site in Ishikawa Prefecture in the Honshu region and signed the contract for the EPC turn-key project with Ishikawa Hanamizuki 1 Consortium.

LSIS completed the foundation work in 2017 and began installing the facilities at the end of February 2018 after taking a break due to the severe winter season last year, and then began the field demonstration and system interface operation last December.

The construction completion ceremony was attended by more than fifty people including Jeon Jong-se, the director of LSIS Japan, and officials from the Ishikawa Hanamizuki 1 Consortium and local subcontractors.

The Ishikawa Hanamizuki 1 Consortium signed a power purchase agreement (PPA) with Hokuriku Power to supply power for about 5,000 households at the set price of 36 yen per kWh annually for twenty years. Under the terms of the agreement LSIS Japan will guarantee the EPC (engineering, procurement, and construction) service and power generation efficiency and assume overall responsibility for O&M for the next twenty years.

The project is LSIS’s third one in Japan following the Mito New Town Mega Solar Park Power Plant in Ibaraki Prefecture, the company’s first mega solar project in Japan, and the 39MW Chitose Solar Power Plant, Japan’s first solar power interface to ESS (energy storage system), which it completed in Hokkaido in 2017.

“We are expanding our market share in the smart energy industry based on the project experience and technological reliability we have accumulated since becoming the first Korean company to enter Japan’s solar power market in 2009. Following our successful completion of such large-scale projects, we plan to continue with our activities in the mega solar market and expand our business by supplying power transmission and distribution solutions for renewable energy in Japan,” an LSIS official said.