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Gestamp to Develop 300 Megawatts of Solar Projects in Japan

Gestamp Solar, a unit of Spanish industrial company Corporacion Gestamp, plans to develop 300 megawatts of solar power in Japan during a three-year period, mainly on rooftops.

The company is projecting the cost at $5,000 per kilowatt, Jorge Barredo, chief executive officer of Gestamp Solar, said today in Tokyo. Investment would be $1.5 billion at that rate.