Large-scale solar project to be built in Aichi

ntttttttttttt

Mitsubishi Corp and C-Tech Corp have concluded an agreement with the Aichi Public Enterprise Bureau and Tahara City for the development of a large-scale mega solar project in Tahara City, Aichi Prefecture.

Under this agreement, Mitsubishi and C-Tech will jointly establish Tahara Solar Co Ltd in February. The company will build and operate the 77 MW Mega Solar Power Plant, one of the largest solar projects in Japan. Construction on the project will start this summer, while the actual sale of electricity, to Chubu Electric Power Co, is scheduled to commence in 2014. The total project cost is estimated at over 20 billion yen, 80% of which will be raised through project financing.

Tahara City, located on the Atsumi Peninsula in southern Aichi, is mainly known as an industrial area, particularly for automobile manufacturing, and also as an agricultural area due to its warm climate. Tahara City is said to have one of the best sunlight and wind conditions in Japan, and the city has been actively promoting the development of renewable energy. The project will take advantage of these optimum conditions to develop solar energy for supply to local communities.