Oct. 4 (Bloomberg) -- SMA Solar Technology AG, Germany’s biggest solar company by market value, said it will supply Japan’s largest solar plant with its products.
SMA will supply the 70-megawatt project operated by Kagoshima Mega Solar Power Corp. in Kagoshima City in southern Japan with inverters, the company said today in an e-mailed statement. Construction started last month and is due to be completed by the fall of 2013, SMA said.
“The introduction of a feed-in tariff for solar power three months ago and the decision of the government to phase out nuclear power by 2040 announced last month underline Japan’s desire to establish itself as a major market for photovoltaics worldwide,” Chief Executive Officer Pierre-Pascal Urbon said. “In the coming years, we expect strong growth in all market segments.”
Japan introduced the world’s highest feed-in tariff, or fixed-premium rate, for power from solar plants in July to boost output and accelerate the nation’s shift away from nuclear following the Fukushima disaster. Inverters are devices that convert the power generated by photovoltaic panels for use in the grid.
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