Sojitz Corporation of America to Invest in the First Mega-solar Business in Peru
Aug. 17, 2015
Sojitz Corporation
Sojitz Corporation of America
Sojitz Corporation of America (head office: 1120 Avenue of the Americas, 7FL, New York, NY 10036, U.S.A.; President : Shinichi Teranishi; hereafter “SCA”) reached an agreement with Grupo T-Solar Global, S.A. (T-Solar) and injected capital in the Majes and Reparticion Solar Power Plants in Peru, becoming owner of a 49% equity interest. T-Solar is affiliated with Grupo Isolux Corsan, S.A. (Isolux) of Spain, which has a business record spanning more than 80 years.
The Project is the first mega-solar project (total output of the two plants: 44.328 megawatts) in Peru, located in a sunlit area at the south end of the country. The Project began commercial operations on July 1, 2012 and has two 20-year fixed-price power purchase agreements guaranteed by the Ministry of Energy and Mines of Peru. The Project has attracted attention as the first utility scale solar power generation business in Latin America with interconnection via Peru’s national power grid. SCA will further strengthen collaboration with Isolux through electricity and infrastructure projects in the Americas starting with this Project.
【Locations of the Majes and Reparticion Plants】
【Majes Solar Power Plant】 【Reparticion Solar Power Plant】
Profile of Grupo Isolux Corsan, S.A.
Company Name | Grupo Isolux Corsan, S.A. |
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Main business | EPC, infrastructure, energy, and concessions |
Established | 1928 |
Head office | Madrid, Spain |
Shareholder(s) | Construction Investment Sarl |
Profile of Grupo T-Solar Global, S.A.
Company Name | Grupo T-Solar Global, S.A. |
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Main Business | Solar power generation |
Established | October, 2006 |
Head Office | Madrid, Spain |
Shareholder | Isolux Infrastructure, S.A. |
Overview of Majes Solar Power Plant
Company Name | GTS Majes S.A.C. |
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Main Business | Photovoltaic power generation business |
Business Location | Arequipa, Peru |
Site Area | 105.61 ha |
Installed Capacity | 22.164 MW |
Overview of Reparticion Solar Power Plant
Company Name | GTS Reparticion S.A.C. |
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Main Business | Photovoltaic power generation business |
Business Location | Arequipa, Peru |
Site Area | 94.77 ha |
Installed Capacity | 22.164 MW |