KYOCERA and Century Tokyo Leasing Commence Business to Operate Utility-Scale Solar Power Plants in Japan

  KYOCERA and Century Tokyo Leasing Commence Business to Operate Utility-Scale
  Solar Power Plants in Japan

 First 2.4MW solar plant goes online in Japan’s Kagawa Prefecture; Plans call
                 for up to 35 similar plants throughout Japan

Business Wire

KYOTO, Japan -- July 29, 2013

Kyocera Corporation (NYSE:KYO)(TOKYO:6971) announced that Kyocera TCL Solar
LLC, its joint venture with Century Tokyo Leasing Corporation, has begun
operation of a 2.4 megawatt (MW) solar power plant in Kagawa Prefecture,
Japan. The Takamatsu Ikushima Mega Solar Plant is the first to be launched
under the company’s business plan to operate up to 35 small- to mid-size
utility-scale solar power plants in Japan. A ceremony marking the start of the
plant’s operation was held on July 25^th with representatives from the local
community and related companies.

This month marks one year since the launch of Japan’s restructured
feed-in-tariff (FIT) for solar power generation, which has stimulated such
demand for industrial-use solar power generating systems that Japan is now
poised to surpass Germany this year as the world’s largest solar market^*1.

In response to this growing demand, Kyocera and Century Tokyo Leasing
established Kyocera TCL Solar LLC last year, with Century Tokyo Leasing as the
main shareholder. Under the new company’s business model, Century Tokyo
Leasing finances solar projects with Kyocera supplying 100% of the solar
modules, system construction and ongoing maintenance.

In addition to the Takamatsu Ikushima Mega Solar Plant, ten similar projects
are already under construction or in the planning stages. Five of these ten
plants will have capacities less than 2MW, thus eliminating the cost of
high-voltage transmission lines. Including these plants, the company plans to
undertake up to 35 projects within two years — all small- to mid-size
utility-scale power plants, which can be constructed faster than larger
utility-scale installations. The plants’ cumulative capacity of approximately
60 to 70MW will represent the power requirement of about 20,000 local
households^*2. All electricity generated will be sold to utilities through
Japan’s FIT system.

Kyocera’s sales of industrial solar modules, notably for mega-solar projects,
have increased rapidly since the launch of Japan’s new FIT in July 2012. The
company expects its Japan-market shipments of industrial solar modules to grow
250 percent in the current fiscal year ending March 31, 2014 (FY2014) compared
with FY2013. Amid this continuing strong demand, the company plans to ship
more than one gigawatt (1GW) of solar modules worldwide in FY2014, an increase
of 25% from 800MW in FY2013.

Kyocera began researching solar energy in 1975, and has expanded its solar
energy-related business to include not only the production and supply of solar
modules, but also the construction and operation of solar power plants in
Japan. Furthermore, Kyocera also markets lithium-ion batteries and Home Energy
Management Systems (HEMs) which contribute to greater efficiency of energy use
in the home. This business development has been driven by the company’s strong
awareness of the importance of renewable energy and hope to utilize solar
energy for the protection of the environment. Based on its comprehensive
strength, Kyocera will aim to further expand its energy business, helping to
facilitate a low-carbon society.

*1 Market scale based on revenue. Source: IHS iSuppli (June 2013)
*2 Based on an annual use of 3,500kWh per household.


Kyocera Corporation (NYSE:KYO)(TOKYO:6971) (, the
parent and global headquarters of the Kyocera Group, was founded in 1959 as a
producer of fine ceramics (also known as “advanced ceramics”). By combining
these engineered materials with metals and integrating them with other
technologies, Kyocera has become a leading supplier of solar power generating
systems, mobile phones, printers, copiers, electronic components,
semiconductor packages, cutting tools and industrial ceramics. During the year
ended March 31, 2013, the company’s net sales totaled 1.28 trillion yen
(approx. USD13.6 billion). The company is ranked #492 on Forbes magazine’s
2013 “Global 2000” listing of the world’s largest publicly traded companies.


KYOCERA Corporation (Japan)
Hina Morioka, +81-(0)75-604-3416
Corporate Communications
Fax: +81-(0)75-604-3516
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