Itochu, Partners to Build 37-Megawatt Solar Plant in West Japan

Itochu Corp., a Japanese trading company, will build a 37-megawatt solar power station in western Japan.

The plant will be set up in Okayama prefecture and start running in December 2016, Itochu said in a statement today. The company will have a 50 percent stake in the project, while Fuyo General Lease Co. and Ene One Solar Co. will each own 25 percent.

A group of banks represented by Mizuho Bank Ltd. will provide loans, according to the statement. Solar power produced at the station will be sold to Chugoku Electric Power Co. for 20 years.

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