Investor Presentaiton
Divestment of hidaka
Project Hidaka COD: March 2018
Project Details
Business Type
Project Owner
:
Solar power plant
:
SS Hidaka No Mori (GK Company)
SERMSANG
POWER CORPORATION
Investment Type
Investment Percentage
Location
Installed/PPA MW
: Through SEG, as TK Investor, under GK-TK Investment Structure
:
86.9%
:
Hokkaido, Japan
: 21/17.0 MW
Power Purchaser
: Hokkaido Electric Power Company Limited
Purchase Price
Purchase Term
:
Under Fit Scheme of JPY 40/KWh
:
20 years
SSP
100.0%
summary detail
Selling Price 2,800 mJPY (exclude fees -1.5%)
Partner
Initial
Investment
1,267.2 mJPY
SEG
SMS
MS
86.9%
9.7%
3.4%
Expected
cash return
~2.4x
SS Hidaka No Mori
Expected
equity IRR
Plan for use
of proceed
-20%
•
Equity injection for Leo2 project
by end of this year.
•
Capital for others project on hand
and working capital.
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