The Shizukuishi solar PV power plant will be constructed in the Iwate Prefecture of Japan on 51ha of leased land and is expected to generate around 25.6GWh of energy per year.
Construction is anticipated to start in October 2014 and the project is planned to start operations by the end of 2016.
Scheduled to be built in the Ibaraki Prefecture on 27ha of leased land, the Mito solar PV power plant construction is planned to start in September 2014 while the operations are expected to commence by the end of 2015.
The Mito project is expected to generate around 10.3GWh of electricity per year.
Etrion chief executive officer Marco Northland said: "Etrion is one of the first foreign Independent Power Producers ("IPPs") to secure financing to build utility-scale solar plants in Japan and we are now well positioned to replicate this model with Hitachi High-Tech to accelerate our growth plans."
Hitachi High-Tech vice president and executive officer Hidenori Nagao said: "These projects will be built with our proven technical capabilities in engineering, procurement and construction ("EPC") using Hitachi’s highly efficient and reliable solar PV power generation systems.
"Hitachi High-Tech, together with Etrion, are targeting a total of 100 MW by 2015 and a total of 300 MW by 2017, including these first two projects."
SuMi Trust Structured Finance Department executive officer and general manager Kengo Noguchi said: "SuMi Trust is committed to supporting the country’s shift to clean energy and we look forward to assisting Etrion and Hitachi High-Tech as they execute their growth plans, bringing more solar projects into the energy mix in Japan."
