- Category: Asia
01 Aug 2012
- Published on Wednesday, 01 August 2012 10:27
- Hits (1095)
Kyocera Corporation is establishing the Kagoshima Mega Solar Power Corporation, a company to operate Japan’s largest solar power plant, with six other Japanese companies.
The 27 billion yen ($345 million) project involves seven investment companies in Japan, including Kyocera and Mizuho Corporate Bank, Ltd.
The new company will facilitate the construction and operation of the 70-megawatt solar plant in Kagoshima City, with industrial company IHI Corporation providing the land and utility Kyushu Electric Power Company Inc. to purchase the power generated from the plant.
Kyocera Group is largest shareholder of this conglomerate and will supply the solar modules for the project which will amount to about 129,000 multicrystalline modules.
The project is set to begin its construction in September this year and is expected to be completed by autumn 2013. It was initially announced last April 2012.
Kyocera said both expectations and interest in solar energy for Japan have risen due to the need to resolve power supply issues brought by the Great East Japan Earthquake and the start of the revamped F.I.T. scheme on July 1.
According to Japan’s F.I.T. program, solar installations producing over 10 kilowatts of power will be subsidized with a rate of 42 yen per kilowatt hour for a period of 20 years.
The current government has set solar P.V. targets of 28 gigawatts of output by 2020 and 53 gigawatts by 2030.
Currently, Japan has 5 gigawatts of installed solar capacity and this is set to increase to 19 gigawatts by 2016, according to broker CLSA Asia-Pacific. – EcoSeed Staff