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Kyocera Solar Seeks Partners for Project Development in the United States
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September 05, 2013

Kyocera Solar Seeks Partners for Project Development in the United States

By Cheryl Kaften
TMCnet Contributor

Last April, solar producer Kyocera (News - Alert) Corporation announced its financial results for fiscal year 2012—revealing a substantial increase in the company’s annual sales. While the upsurge in sales revenues certainly is partly attributable to the booming Japanese PV market -- driven by that nation’s Feed-in Tariff (FIT) -- Kyocera has announced plans to build up both its domestic and international project pipelines—with special emphasis on U.S. development— in order to support further growth during 2013.

The company expects its Japan-market shipments of industrial solar modules to grow 250 percent in the current fiscal year ending March 31, 2014 (FY2014) compared with FY2013. Amid this continuing strong demand, the company plans to ship more than one gigawatt (GW) of solar modules worldwide in FY2014—an increase of 25 percent from 800MW in FY2013

Indeed, in 2012, Kyocera and Century Tokyo Leasing established Kyocera TCL Solar LLC—with Century Tokyo financing domestic solar projects and Kyocera supplying the solar modules, system construction and ongoing maintenance. 

Kyocera’s Arlington Valley Solar Energy II utility scale plant in Arizona

As part of its Asian expansion plan, Kyocera President Goro Yamaguchi recently announced that the company would supply about 30 MW of solar power to a project being implemented by the National Federation of Agricultural Cooperative Associations. The Kyocera order is worth approximately $89 million and comprises the initial phase of the project.

In the United States in May, the company provided 25 MW in modules for a 127 MW PV installation at the Arlington Valley Solar Energy II (AV Solar II) utility-scale plant in southwest Arizona.

Now, the U.S. division of the company, Kyocera Solar, Inc. of Scottsdale, Arizona, has announced its intention to work directly and/or with partners to develop PV projects in America by providing the following:

  • Project development
  • Design and engineering
  • PV equipment including modules and balance of system (BOS)
  • Professional project management
  • Economies of scale through global procurement
  • Technical support through entire process, including project construction
  • Standard document templates for efficient contract negotiations and agreements, and
  • An industry-leading project development team.

Financial tools include:

  • A competitive PPA, made possible by Kyocera’s strong bankability
  • Construction finance offering
  • Bonding capability
  • In select cases, direct investment in projects, and
  • Project debt financing through strong partners.

In summary, Kyocera Solar, Inc. is now in the PV project development business and is actively looking for partners both in North America and Asia.

Edited by Rory J. Thompson

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