Philippines Project II
Maiora Renewable Energy has signed a rooftop solar lease agreement with a leading provider of logistics, storage and distribution solutions, with a network of cold chain facilities. The company services the food and manufacturing sector. Efficiency, health and safety, as well as care for the environment are primary commitments of the company. A total of 2,805 PV modules have been installed across 4 different facilities with a combined capacity of over 1,094kWp.
| System Size | 1,094kWp Solar PV System |
| No. of PV Modules | 2,805 Jinko Solar Mono 390Wp |
| No. of Inverters | 14x Growatt MAX 60/70/80KTL3 |
| Annual Energy Yield | 1,395,000kWh per annum |
| Estimated CO2 Saving | 1,073 Metric Tonnes per annum |
Philippines Project I
Maiora Renewable Energy has signed a rooftop solar lease agreement with a significant manufacturer in the Philippines. The system design comprises of 1,326 x 385Watt solar panels situated across approximately 4000 sq.m of roof space. Maiora’s 510 kW installation is estimated to generate around 650,000kWh per annum based on historical climate data and saving the client over $125,000 per year in electricity bills. Maiora made sure that the project strictly followed the Philippine Electric Code guidelines for the connection of Embedded Generation within distribution networks.
System Design
| System Size | 510kWp Solar PV System |
| No. of PVModules | 1,326 Jinko JKM385M72 Module |
| No. of Inverters | 9x60kW Huawei SUN2000-60KTL-M0 |
| Annual Energy Yield | 650,000kWh per annum |
| Estimated CO2 Saving | 500 Meteric Tons per annum |
Japan Project III
CHERRY LAKE 98.12 MWdc
TIMELINE : Developed from greenfield to COD
2014 : Applied for and received a 70 MWac 32 JPY Feed-in-Tariff
2015 & 2016 : Acquired the golf course through a bankruptcy proceeding and shut it down. Designed and engineered plant and acquired necessary development permits.
2017 : EPC & Financing contracts negotiated, project achieves NTP
2019 : Project reaches COD and begins selling power under the FIT. Project sold to Itochu-Enex
Plant details:
- Photovoltaic module: Jinko Solar PC05A – 265 W
- Converter: ABB PVS800-57-1000 kW
- AC/DC power capacity: 70 MWac / 98.12 MWdc
- Number of modules: 370,280 Units
- Number of stations: 35 x (2 x 1000 kW) stations
- Feed in Tariff: 32 JPY/KWh
- EPC Contractor: Maetel - ACS Group
Japan Project II
HOKOTA 21.52 MWdc
TIMELINE : Developed from greenfield to COD
2014 : Acquired the FIT from a 3rd party. Secured all the land necessary for the project through leases and purchase.
2015 : Permitted the project for construction.
2016 : EPC & Financing contracts negotiated, project achieves NTP
2017 : Project reaches COD and begins selling power under the FIT
2018 : Project sold to Itochu-Enex
Plant details:
- Photovoltaic module: Jinko Solar – 265 W
- Converter: ABB PVS800-57-1000 kW
- AC/DC power capacity: 20 MWac / 21.52 MWdc
- Number of modules: 81,200 Units
- Number of stations: 10 x (2 x 1000 kW) stations
- Feed in Tariff: 36 JPY/KWh
- EPC Contractor: Maetel – ACS Group
Japan Project I
SUNRISE 11.544 MWdc
TIMELINE : Develoed from greenfield to COD
2014 : Acquired the land and FIT and original development permit from a 3rd party. Development team redesigned the plant layout and amended the development permits.
2015 : EPC & Financing contracts negotiated, project achieves NTP
2016 : Project reaches COD and begins selling power under the FIT
2017 : Project Sold to Itochu-Enex
Plant details:
- Photovoltaic module: Trina Solar PC05A - 260W
- Converter: ABB PVS800-57-630 kW
- AC/DC power capacity: 9.5 MWac / 11.544 MWdc
- Number of modules: 44,400 Units
- Number of stations: 7 x (2 x 630 kW) stations
1 x (1 x 630 kW) station - Feed in Tariff: 40 JPY/kWh
- EPC Contractor: Maetel – ACS Group
Marzio Keiling
Director
Marzio is a Director of MRE and a Founding Partner at Maiora Asset management, MRE's strategic funding partner. Prior to his involvement in Renewables, Marzio was Head of Sales for Deutsche Bank in APAC. Previous to that, he ran Equity and Debt Capital Markets in the region. Between 2008 and 2010, Marzio was responsible for Deutsche Banks Global Markets business in Tokyo and member of the Global Markets Management Committee. Marzio has over 23 years of experience in global markets. He holds a Masters Degree in Electrical Engineering and Management from Technical University Berlin as well as Masters of Science in Management from M.I.T.’s Sloan School)
Jason Block
Director
Jason is a Director of MRE and a Founding Partner at Maiora Asset Management, MRE's strategic funding partner. Since 2012 he’s guided the firm’s investments in over 800 MW of solar PV projects globally. Prior to Maiora, Jason was a Director at Deutsche Bank in Tokyo where he helped establish Deutsche’s mezzanine debt business for non-recourse commercial real estate loans. Jason has over 15 years experience in financial markets and has lived in Japan for 18 years. He holds a B.A from the University of Massachusetts, Amherst and speaks English, Japanese and Chinese.
Sergio Asenjo
Head of Maiora Renewable Energy Global
Sergio was the Business Line Manager for the PV business and the Worldwide Manager of the Center of Competence Solar Business at ABB. He has led operations in more than 14 countries with more than 4 GW developed in PV and 1.6 GW built worldwide, including 300 MW in Europe, 200MW in Africa 550 MW in the Americas and Americas 550 MW in Asia. Sergio has extensive experience in complex automation and electrical systems on CSP technologies with more than 1GW units on the spread,He holds an Electronic’s Engineering degree and an MBA from Instituto de Empresa business sc
MRE signed a lease agreement in June to build
MRE signed a lease agreement in June to build, own and operate a 510 kWp rooftop solar system with a major Philippine based manufacturer. Building will commence in September 2019.