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Nippon Paper, Mitsubishi to Build 21MW Solar Plant in Japan

Nippon Paper Industries Co. and Mitsubishi Corp. (8058), a Japanese trading company, will build a 21-megawatt solar power station in western Japan.

The companies set up a joint venture in March and will begin construction of the plant in Tokushima prefecture this fall, Nippon Paper said in a statement today.

The plant, to be built at a site owned by the paper company, is expected to start selling electricity to Shikoku Electric Power Co. (9507) in the latter half of 2014, according to the statement.

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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