Kyocera, Gaia Power, Kyudenko and Century Tokyo Leasing Announce Construction of 92MW Solar Power Plant in Japan
May 27 2015 - 8:07AM
Business Wire
One of Japan’s largest solar installations to
provide equivalent power for roughly 30,500 households
Kyocera Corporation (herein “Kyocera”), K.K. GAIA POWER (herein
“Gaia Power”), Kyudenko Corporation (herein “Kyudenko”), and
Century Tokyo Leasing Corporation (herein “Century Tokyo Leasing”)
announced that the companies have made a joint investment in Kanoya
Osaki Solar Hills LLC, a solar power operating company, to
construct and operate a 92-megawatt (MW) solar power plant. Planned
for construction on a site stretching across Kanoya City and Osaki
Town in Kagoshima Prefecture, the project will become one of the
largest solar installations in Japan.
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Rendering of the Kanoya Osaki Solar Hills
Solar Power Plant in Japan (Photo: Business Wire)
Project planning began in January 2014, as the local community
expressed interest in effectively using the project site, which had
been designated for a golf course more than 30 years ago but
subsequently abandoned. Covering a total of approximately
2,000,000m2 (approx. 494 acres), the site will accommodate 340,740
Kyocera solar modules, and is expected to generate roughly
99,230MWh annually — enough electricity to power approximately
30,500*1 typical households, offsetting roughly 35,730 tons of CO2
emissions per year*2.
Under the agreement, Kanoya Osaki Solar Hills LLC will operate
the site, and a joint venture established by Kyudenko and Gaia
Power will undertake the design, construction and maintenance of
the solar installation. Kyocera will supply its high-efficiency
solar modules, and Century Tokyo Leasing will arrange financing.
Approximately 35 billion yen (approx. USD290 million) in investment
is planned for the project, with a goal to start construction in
the second half of FY2016 (October 2015 to March 2016) and begin
operations in FY2018 (April 2017 to March 2018).
The land development application for the project was submitted
in April 2015, along with a year-long environmental impact
assessment which has been completed. The massive installation will
contribute to the local community through job creation and increase
of tax revenues in Kanoya City and Osaki Town. The companies are
cooperating with Kagoshima Prefecture, Kanoya City and Osaki Town
to ensure environmentally friendly construction methods, and remain
committed to promoting renewable energy as well as contributing to
environmental protection and the creation of a sustainable
society.
*1 Based on average annual use of 3,254.4kWh per household.
Source: Federation of Electric Power Companies of Japan (Graphical
Flip-chart of Nuclear & Energy Related Topics 2015)*2 Based on
calculations derived from standards created by JPEA
Project Overview
Project name Kanoya Osaki Solar Hills Solar Power Plant
Location Kanoya City and Osaki Town in Kagoshima Prefecture, Japan
Output Approx. 92MW Expected annual power generation
Approx. 99,230MWh/yearElectricity
generated will provide the equivalent power for roughly 30,500
average households.
Solar modules Approx. 340,740 Kyocera modules Total investment
Approx. 35 billion yen (planned) Project timeline
Second half of FY2016: Start of
constructionFY2018: Start of operation
Company Overview
Company name Kanoya Osaki Solar Hills LLC Location Kanoya
City, Kagoshima Prefecture, Japan Established May 27, 2014
Shareholders
K.K. GAIA POWER: 72.7%Kyocera Corporation:
9.1%Kyudenko Corporation: 9.1%Century Tokyo Leasing Corporation:
9.1%
About KYOCERA
Kyocera Corporation (NYSE:KYO)(TOKYO:6971), the parent and
global headquarters of the Kyocera Group, was founded in 1959 as a
producer of fine ceramics (also known as “advanced ceramics”). By
combining these engineered materials with metals and integrating
them with other technologies, Kyocera has become a leading supplier
of solar power generating systems, mobile phones, printers,
copiers, electronic components, semiconductor packages, cutting
tools and industrial ceramics. During the year ended March 31,
2015, the company’s net sales totaled 1.53 trillion yen (approx.
USD12.7 billion). Kyocera appears on the latest listing of the “Top
100 Global Innovators” by Thomson Reuters, and is ranked #552 on
Forbes magazine’s 2015 “Global 2000” listing of the world’s largest
publicly traded companies.
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KYOCERA Corporation (Japan)Hina Morioka,
+81-(0)75-604-3416Corporate CommunicationsFax:
+81-(0)75-604-3516webmaster.pressgl@kyocera.jphttp://global.kyocera.com/
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