Japan is embracing solar power in its quest to wean itself from oil-fired powered plants that left it at the mercy of oil price shocks, and nuclear energy that resulted in the Fukushima Daiichi power plant disaster in 2011 that continues to haunt them today. Japan is now one of the world’s four largest markets for solar panels and is building solar power plants at a brisk pace.
Yesterday, several big players in the Japanese power industry announced that they 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. The project is planned for construction on a site stretching across Kanoya City and Osaki Town in Kagoshima Prefecture,and will become one of the largest solar power plants in Japan.
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.
The solar power plant will cost approximately 35 billion yen ( USD 290 million) and is scheduled to start construction in the second half of Fiscal Year 2016 (October 2015 to March 2016) and begin operations in Fiscal Year 2018 (April 2017 to March 2018).
Tracey is an accountant and entrepreneur with a passion for nature. This passion is what spurred her interest in renewable energy, and the rest is history as they say. Tracey is a principal in Energy Think Group, the publisher of Solar Thermal Magazine and Tek-Think. She is also the principal at Women's Financial Help Desk. She spends her free time in the outdoors with her horses and dogs. She loves to travel.