Since Japan formally implemented new Feed-in-Tariffs for the photovoltaic 
(PV) industry in July 2012, it has seen an overwhelming response and injection 
in the market. It is expected that with electricity prices of 42 Japanese Yen 
(approx. 3.36 Chinese Yuan)/kWh, internal rates of return of around 20% can be 
given to investors. This level of IRR has attracted and tempted many companies 
to invest in the PV industry either through development or through mergers and 
acquisition.

    As a professional global PV developer, investor and IPP, Sky Solar finds 
itself in a strong position as the Japanese market strives forward due to years 
of hard work, commitment and preparation. Sky Solar is now in a position to 
seize this opportunity and has announced the successful development of several 
large solar power plants through its Japanese subsidiary, Sky Solar Japan. The 
large scale projects will be located in Mihomura-Ibarakiken and Uto-Kumamoto on 
Japan's third largest island of Kyushu partly due to the abundant solar 
irradiation found there. The near 2MW Uto-Kumamoto PV power plant is based on 
an area of 25,000 m2, and is expected to use over 8,000 modules with an annual 
capacity of 1,950,000 kWh. This project's EPC partner will be determined by the 
end of July with construction to begin in October with successful completion 
and connection by the end of December this year. All electricity produced will 
be sold to Kyushu Electric Power Company. The 2MW Mihomura-Ibarakiken project 
will be developed on leased private land with the EPC contract to be finalized 
by June. Construction will begin in August and grid connection will be 
accomplished by the end of December. 

    It is understood that this year Sky Solar plans to construct PV power 
stations in up to 20 areas of Japan. Each station will have an installed 
capacity of around 2MW and each EPC contract will be determined through a 
public tender. Sky Solar Group will invest 600 million Japanese Yen in each of 
these projects. 

    Step by Step, Respecting Market Rules

    Sky Solar focuses on balancing resources in both existing and established 
markets, so as to tap potential up and coming markets around the world. Sky 
Solar Japan entered the Japanese market in 2007 to begin development and 
investment in Japanese PV projects. "In Japan, it's rather difficult to be 
recognized by an industry. I am glad that after years of effort and planning, 
we are now recognized in the industry due to the achievements we have made," 
said Rui Chen, Head of Sky Solar Japan. "Sky Solar's mission is to produce new 
energy power with a high level of safety, quality and with low costs through 
the tracking and objective analysis of collected data and by demonstrating this 
professionalism and our strengths within this industry in Japan."

    In relation to the Japanese market, Mr. Weili Su, Founder and Chairman of 
Sky Solar added: "I was pleased to see the attitude and respect for operating 
within market rules. Sky Solar has a long-term plan for the development, 
investment and operation of PV power stations. By leveraging our extensive 
experience in the global and local PV rooftop market and large ground-mounted 
PV power projects, we are capable of providing high-quality power station 
services to the entire renewable energy industry. Our technology neutral stance 
and our role as a power plant developer can only help in establishing strong 
collaborative relationships with various business partners."

    Contact Person:

    Stephanie Xiong
    Phone: +86-10-85670998
    Email: Stephanie.xiong@skysolargroup.com 

    SOURCE: Sky Solar