Showa Shell Unit, Partners to Build Solar Power Plant at Airport

A unit of Japanese refiner Showa Shell Sekiyu K.K. (5002) and Development Bank of Japan will build a solar power station with New Kansai International Airport Co.

The station at Kansai International Airport near Osaka in western Japan will have 11.6 megawatts in capacity and is expected to start running early next year, the companies said in a statement today.

This is the first project of a venture between Showa Shell’s Solar Frontier K.K. and DBJ, set up in January to invest in solar projects in Japan, according to the statement.

Solar Frontier will supply solar panels and operation and maintenance services, while DBJ will support financial structuring for the project, the companies said. Airport land and buildings for the project will be provided by New Kansai.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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