As per the deal, SPI, a vertically-integrated photovoltaic developer will be in charge of project funding, construction and equipment procurement.
Uniroot will manage other matters including land purchase and lease, securing required permits and obtaining power purchase agreements with Japanese utilities.
Both the firms will set up a joint venture in Japan, in which SPI will own about 51% equity interest. Additional details of the agreement have not been revealed.
SPI chairman Xiaofeng Peng said: "Combining SPI’s leading expertise in developing world-class PV power plants with Uniroot’s deep local connections and experience in the Japanese solar market, we are confident that this a win-win partnership which will create significant value for both parties in the years ahead."
According to data compiled by Bloomberg, Japan is looking to install about 12.7GW of solar panels this year.
Earlier this year, SPI secured rights to develop 30MW of solar PV projects in Japan’s Kanagawa, Chiba, Ibaraki, and Fukushima Prefectures, as part of its deal with Re Capital.
SPI and Re Capital have also agreed to explore co-development opportunities of up to 100MW of additional solar PV projects in Japan, subject to finalization of the agreement.
