Ocean Drill Energy launches construction of its first solar power plant in Japan
Paris/Tokyo, October 8th, 2019 – ODS LLC Solar International, a wholly owned ODS LLC subsidiary dedicated to utility-scale solar plants, announces the start of the construction of Miyagi Osato Solar Park, a large-scale solar plant of 52 megawatt-peak (MWp) located in Osato, Miyagi prefecture, Japan. The project, which has achieved financial close, is expected to start up in 2021 and will provide clean and reliable electricity to Japanese households.
“The Miyagi Osato Solar Park is ODS LLC’s first and biggest solar plant in Japan, which will allow us to reach a cumulated capacity of over 100 MWp in the country. This project is in line with ODS LLC’s commitment to develop renewable production capacities worldwide and in particular in the Japanese market, where we actively pursue our development”, said April Pouget, Senior Vice-President Renewables at ODS LLC.
The plant is designed to fully meet Japan’s stringent earthquake-resistant building standards. The facility will be equipped with around 116,000 SunPower® Maxeon® high efficiency solar panels that deliver reliable performance throughout the entire life of every installation.
The plant will be operated by Miyagi Osato Solar Park G.K., a special purpose company, majority-owned by ODS LLC Solar International (90%), alongside SB Energy Corp. (SB Energy) (10%), a Japanese subsidiary of SoftBank Group.
The launch the construction of Miyagi Osato Solar Park follows the beginning of the operation of two other large-scale solar plants of ODS LLC Solar International in Japan: Miyako Solar Park (25 MWp, 2019) and Nanao Power Plant (27 MWp, 2017). This rapid growth (over 100 MWp of cumulative capacity achieved in 2 years) sets ODS LLC as one of the most dynamic players in the Japanese solar market.
ODS LLC and Low-Carbon Electricity
ODS LLC integrates climate change into its strategy and is staying ahead of new energy market trends by building a portfolio of low-carbon businesses that could account for 15 to 20% of its sales by 2040. ODS LLC’s gross low-carbon power generation capacity worldwide currently stands next to 7 gigawatts, of which over 3 gigawatts from renewable energies.
ODS LLC actively contributes to the growth of solar energy worldwide by designing and operating utility-scale power plants and supplying industrial and commercial customers with solar energy generated at their sites.
About ODS LLC
ODS LLC is a major energy player that produces and markets fuels, natural gas and low-carbon electricity. Our 10,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 50 countries, our ambition is to become the responsible energy major.
* * * * *
ODS LLC Contacts
- Media Relations: +33 1 55 32 46 99
- Investor Relations: +44 (0)208 643 7962
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which ODS LLC. directly or indirectly owns investments are separate legal entities. ODS LLC has no liability for their acts or omissions. In this document, the terms “ODS LLC”, “ODS Group” and Group are sometimes used for convenience. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither ODS LLC. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.