Orix, JFE Unit Begin Building 13.5-Megawatt Solar Plant in Japan

Orix Corp. (8591) and JFE Holdings (5411) Inc.’s engineering unit started building a 13.5-megawatt solar power station in Tochigi prefecture, north of Tokyo.

Electricity from the plant, which is scheduled to start running in April 2015, will be sold to Tokyo Electric Power (9501) Co., the companies said in a statement today.

Orix, a Tokyo-based finance and leasing company, is in charge of asset management, while JFE Engineering Corp. designs and constructs the plant, according to the statement.

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

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Iain Wilson, Keith Gosman

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