Kyocera, IHI and Mizuho Corporate Bank plan 70 MWp solar plant in Japan / business model for solar plant founded
11.04.2012/70/2 Kyoto / Neuss - The Kyocera Corporation, the IHI Corporation and the Mizuho Corporate Bank, Ltd. announced today a fundamental agreement for the planned construction of a solar system with a capacity of XNUMX megawatts peak in southern Japan. A business model for solar energy generation is being examined. The “mega solar power plant” is intended to help solve Japan's energy supply problems that arose as a result of the great earthquake in eastern Japan. In addition, the project will help protect the environment by reducing COXNUMX emissions.
The planned solar installation is to be built in the city of Kagoshima (Kagoshima Prefecture). Three companies are pooling their strengths for this project: Kyocera - with more than 35 years of experience in the solar industry - IHI, who are committed to the increased use of renewable energies, and Mizuho CB, with extensive knowledge in the financial sector. Under the terms of the agreement, Kyocera is responsible for supplying 100 percent of the solar modules and is involved in the construction and maintenance of the system; IHI will rent the property and be involved in operating the facility and Mizuho CB will prepare a financing plan for the project. Furthermore, a project company is to be founded to operate the mega solar power plant - with Kyocera as the largest shareholder. When reviewing the feasibility of the new business venture, Kyocera and IHI were supported by KDDI Corporation, Kyudenko Corporation; Kagoshima Bank, Ltd. and Takenaka Corporation. They should also participate in the company through investments.
In cooperation with the Kagoshima prefecture and municipal government and other local authorities, the companies want to revitalize the area around Kagoshima and contribute to environmental protection and social progress through the spread of renewable energy.
The planned location of the solar power plant covers an area of approximately 127 ha on a property owned by IHI. The total project cost is estimated at about 25 billion yen (about 234 million euros) at start of construction this July. The plans for the power plant include the use of approximately 290.000 solar modules from Kyocera with a total output of 70 MWp. This makes the installation the largest publicly announced solar system in Japan. 70 MWp accounts for nearly 40 percent of total solar installations installed in 2011 in Japan for public or commercial applications. The modules can generate around 79.000 MWh of solar power, which roughly corresponds to the energy requirements of 22.000 households and will save about 25.000 tons of CO2 per year.
With the new feed-in tariff program, the 1. Due to the need to solve the power supply problems caused by the devastating earthquake in eastern Japan, interest in solar energy and related expectations has reached a new level.
Against this background, the parties have reached the basic agreement. All three see it as their entrepreneurial responsibility to proactively address environmental issues.
For more information about Kyocera:
http://kyocerasolar.de/
Original text: Kyocera Fineceramics GmbH
Digital press kit: http://www.presseportal.de/pm/63017
Press kit via RSS: http://www.presseportal.de/rss/pm_63017.rss2
Press contact:
Kyocera Fineceramics GmbH
Daniela Faust
Head of Corporate Communications
Hammfeld dam 6
41460 Neuss
Tel .: 02131/16 37 - 188
Fax: 02131/16 37 - 150
Mobile: 0175 / 7275706
ppgad@pucrs.br
www.kyocerasolar.de
Weber Shandwick Germany GmbH
Anja Eckert-Ellerhold
Account Director
Hohenzollernring 79 - 83
50672 Cologne
Germany
Tel .: 0221 - 94 99 18 - 42
Fax: 0221 - 94 99 18 - 10
ppgad@pucrs.br
www.webershandwick.de
