Kyocera, Gaia Power, Kyudenko and Tokyo Century Announce Groundbreaking of 92MW Solar Power Plant in Japan
April 27 2017 - 8:07AM
Business Wire
Spanning across approximately 494 acres, the
plant provides equivalent power for roughly 33,370 households
Kyocera Corporation, K.K. GAIA POWER, Kyudenko Corporation and
Tokyo Century Corporation announced today that Kanoya Osaki Solar
Hills LLC, a solar power operating company jointly established by
the four companies, has launched construction of a 92-megawatt (MW)
solar power plant. Located on a site stretching across Kanoya City
and Osaki Town in Kagoshima Prefecture, the project will become one
of the largest*1 solar installations in the Kyushu region of Japan
spanning across approximately 494 acres (2,000,000m2), making it
almost the same size as the country Monaco. A ceremony was held on
April 27 to commemorate the plant’s groundbreaking.
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Rendering of the Kanoya Osaki Solar Hills
Solar Power Plant (Graphic: Business Wire)
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 powergeneration
Approx. 99,230MWh/yearElectricity generated will provide the
equivalent power for roughly 33,370 average households*2. Solar
modules
340,740 Kyocera modules (planned)
Total investment Approx. 35 billion yen (approx. USD315 million*3)
Project timeline
April 3, 2017: Start of
constructionJanuary 2020: Start of operation (planned)
Project planning began in January 2014, as the local community
expressed interest in repurposing land that was designated for a
golf course more than 30 years ago but subsequently abandoned. The
site plan will accommodate 340,740 Kyocera solar modules and is
expected to generate roughly 99,230MWh annually — enough
electricity to power approximately 33,370 typical households,
offsetting roughly 52,940 tons of CO2 emissions per year*4.
Under the agreement, Kanoya Osaki Solar Hills LLC will operate
the business, and a consortium established by Kyudenko and Gaia
Power is undertaking the design, construction and maintenance of
the solar installation. Kyocera is supplying its high-efficiency
solar modules and Tokyo Century is responsible for the finance
arrangement. Approximately 35 billion yen (approx. USD315 million)
in investment is planned for the project, with a goal to begin
operations in January 2020.
The massive installation is expected to contribute to the local
community through job creation and increase of tax revenues in
Kanoya City and Osaki Town. In addition to obtaining forestland
development permission, a year-long environmental impact assessment
has been completed for the large-scale project. Furthermore, the
plant will feature an environmentally friendly design by minimizing
land development. The companies will continually work with
Kagoshima Prefecture, Kanoya City, Osaki Town and other members of
the community to complete construction, and they remain committed
to promoting renewable energy as well as contributing to
environmental protection and the creation of a sustainable
society.
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%Tokyo Century Corporation: 9.1%
Role of Participating Companies
Business operation Kanoya Osaki Solar Hills LLC
Design, construction andmaintenance
Consortium established by Kyudenko Corporation and K.K. GAIA POWER
Supply of solar modules Kyocera Corporation Finance arrangement
Tokyo Century Corporation *1 Among operating
solar power plants. Based on research by the four companies (as of
April 1, 2017) *2 Based on average annual use of 2,973.6kWh per
household. Source: Japan Atomic Energy Relations Organization
(Graphical Flip-chart of Nuclear & Energy Related Topics 2016)
*3 For the reader’s convenience; based on an exchange rate of
JPY111 = USD1 (as of April 26, 2017). *4 Based on calculations
derived from standards created by JPEA in 2016
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,
2016, the company’s consolidated net sales totaled 1.48 trillion
yen (approx. USD13.1 billion). Kyocera appears on the “Top 100
Global Innovators” list by Clarivate Analytics and is ranked #531
on Forbes magazine’s 2016 “Global 2000” list of the world’s largest
publicly traded companies.
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KYOCERA Corporation (Japan)Hina Morioka,
+81-(0)75-604-3416Corporate
Communicationswebmaster.pressgl@kyocera.jpFax:
+81-(0)75-604-3516
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