Solar Frontier has signed a deal to sell a 2-megawatt solar power plant in Miyazaki, Japan, to a trust account managed by Mitsubishi UFJ Trust and Banking Corp.
Financial details were not disclosed. The agreement includes the transfer of all related facilities, contractual positions, rights, and obligations. The Kunitomi Megasolar project started operating in March 2013.
Following this transaction, Solar Frontier, a unit of Showa Shell Sekiyu K.K., will continue to be involved in project as its operations and maintenance provider.