Japan's SBI Holdings completes 1 MW PV farm in Chiba

Tokyo-based SBI Holdings Inc said on Monday it has completed a 1-MW solar photovoltaic (PV) plant in Chiba prefecture, Japan.

The Sosa Mega Solar Sharing No 1 Power Plant, as it is named, started producing power on March 27. It covers an area of 3.2 hectares (7.9 acres) in Sosa city and it was developed using the solar sharing method, SBI noted.

In Japan, solar sharing refers to the practice of using the same plot of land to simultaneously grow crops and generate solar power by installing solar panels high above the crops.

The PV station has an estimated annual power generation of approximately 1,424 MWh, enough to meet the annual demand of about 288 households and offset some 718 tons of carbon dioxide (CO2) per year.

The plant was built by SBI Energy, a wholly-owned subsidiary of SBI Holdings, together with local Japanese firms such as the Johnan Shinkin Bank, the Citizen Energy Chiba LLC, the Chiba Ecological Energy Inc, etc.

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