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Industry News

Kyocera, IHI, Mizuho To Build Solar Power Plant In Japan
update on 2012-05-12

Kyoto, Japan: Kyocera Corp, IHI Corp and Mizuho Corporate Bank have agreed to build a 70 MW solar power plant in Kagoshima City, Japan, which will be the largest officially announced solar power plant in the country. The plant was built to help solve power issues faced in the aftermath of the Great East Japan Earthquake, as well as reduce carbon emissions.

This collaboration will tap on Kyocera’s experience in the solar business, IHI’s initiatives in increasing the use of renewable energy, and Mizuho CB’s financial expertise. As such, Kyocera will handle the full supplication of solar modules and a part of construction and maintenance, while IHI deals with the land lease and operations, and Mizuho with the financing plans.

A special purpose company will also be created to take care of the solar plant’s operations, with Kyocera planning to be the largest shareholder. Meanwhile, the plant will use exclusively, approximately 290,000 Kyocera multicrystalline solar modules. The total planned capacity of 70 MW of solar power will translate to about 79,000 MW/h of annual electricity, which will serve 22,000 average households and offset 25,000 tonnes of carbon dioxide per year.

With construction commencing in July, the plant will span 1.27 million sq m and cost approximately 25 billion yen (US$309 million). The amount of solar power generated by the plant will also be equivalent to 40 percent of the public/industrial-use solar power equipment shipped domestically in 2011.