One of Japan's Largest Mega Solar Projects to be Built in Aichi
Mitsubishi Corporation - C-Tech partnership Will Add 77 MW of Solar Power to the
Market in 2 Years
Tokyo, Jan 28, 2013 - (JCN Newswire) - Mitsubishi Corporation (MC) and C-Tech
Corporation (C-Tech) have concluded an agreement with the Aichi Public
Enterprise Bureau and Tahara City for the development of a large-scale mega
solar project in Tahara City, Aichi Prefecture.
Under this agreement, MC and C-Tech will jointly establish "Tahara Solar
Co., Ltd." (the Company) this February. The Company will build and operate
the 77 MW Mega Solar Power Plant, one of the largest solar projects in Japan.
Construction on the project will start this summer, while the actual sale of
electricity, to Chubu Electric Power Company, is scheduled to commence in 2014.
The total project cost is estimated at over 20 billion yen, 80% of which will
be raised through project financing.
Tahara City, located on the Atsumi Peninsula in southern Aichi, is mainly
known as an industrial area, particularly for automobile manufacturing, and
also as an agricultural area due to its warm climate. Tahara City is said to
have one of the best sunlight and wind conditions in Japan, and the City has
been actively promoting the development of renewable energy. The project will
take advantage of these optimum conditions to develop solar energy for supply
to local communities.
Through the development of renewable energy businesses, MC has been
collaborating with local governments and private partners to improve
Japan's energy self-sufficiency and combat global warming, while at the
same time supporting the development of new industries. With a total solar
power generation capacity of 130 MW currently in operation or under development
across Japan, MC is aiming to expand its capacity to 200 MW by 2020.
C-Tech seeks further contribution towards realizing low carbon emission
society by developing renewable energy. C-Tech is now developing and operating
solar projects with total capacity of 130 MW and is actively exploring ways to
further expand its renewable energy portfolio.
1. Project outline
Business Entity: Tahara Solar Co., Ltd.
Location: Aichi Prefecture, No. 1 & 4 District
Capacity: 77 MW (on direct current basis.
55 MW on alternating basis.)
Annual Output: Approximately 88,000MWh
(enough energy for 24,000 households)
Total Project Cost: over JPY 20 Billion
(80% will be raised through project finance)
Buyer of electricity: Chubu electric Power Company
Area: approximately 98ha
2. Business Entity
Name: Tahara Solar Co., Ltd.
Establishment: planned on February 2013
Business: Operation of power generating business
About Mitsubishi Corporation
Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business
enterprise that develops and operates businesses across virtually every
industry including industrial finance, energy, metals, machinery, chemicals,
foods, and environmental business. MC's current activities are expanding
far beyond its traditional trading operations as its diverse business ranges
from natural resources development to investment in retail business,
infrastructure, financial products and manufacturing of industrial goods. With
over 200 bases of operations in approximately 80 countries worldwide and a
network of over 500 group companies, MC employs a multinational workforce of
nearly 60,000 people. For more information, please visit www.mitsubishicorp.com.
Copyright 2013 JCN Newswire. All rights reserved. www.japancorp.net
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