Hitachi Capital powers up 12.7-MW solar plant

Jul 2, 2014 - Japanese financial services provider Hitachi Capital (TYO:8586) said today it had launched commercial operations at a 12.7-MW solar park on Honshu island, eastern Japan.

The photovoltaic (PV) installation is situated in Namegata City, Ibaraki prefecture, and is expected to produce power for 3,540 households annually. The facility is powered by 51,660 panels of 245 W each made by German solar panels maker Hanwha Q Cells. It will operate under Japan’s feed-in tariff (FiT) programme and will sell its output to local utility Tokyo Electric Power Co (TYO:9501).

The 12.7-MW park is the largest piece of a 28.4-MW solar complex in which Hitachi Capital and construction firm NTT Facilities will jointly build a substation. The complex is estimated to produce 29,500 MWh a year, once completed.

Earlier this month, NTT Facilities put on stream a 6.5-MW solar facility as part of the same project. The plant is seen to generate 7,144 MWh of electricity annually, enough to meet the demand of 1,990 homes, the company said in a separate press release.

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