November 13 (Renewables Now) - Japan's Kuni Umi Asset Management Co Ltd announced last week the completion of a 235-MW photovoltaic (PV) plant in Okayama prefecture.
The Setouchi Kirei Solar Power Plant, as it is named, required JPY 110 billion (USD 967.27/EUR 860.92) in investments. It was developed in a partnership with local firms Chudenko Corp (TYO:1941), Toyo Engineering Corp (TYO:6330) and EFS Japan BV, a subsidiary of GE Energy Financial Services.
Spread over an 260-hectare site in Setouchi municipality, this PV facility is comprised of 900,000 solar panels, thus making it the largest of its kind in operation in the whole country, Kuni Umi stated in its press release.
Expected to meet the annual consumption of about 80,000 households, Kirei Solar should be able to offset some 192,000 tonnes of carbon dioxide (CO2) emissions per year during its lifespan. Its output will be sold to Chugoku Electric Power Co Inc (TYO:9504), the company noted.
(JPY 100 = USD 0.97/EUR 0.86)