February 13 (Renewables Now) - Japanese company Tokyo Gas Co Ltd (TYO:9531) announced on Wednesday it has acquired a 63.2-MW photovoltaic (PV) plant in Gunma prefecture from real estate, renewable energy and private equity firm Asia Pacific Land (APL).
The purchase of the Annaka Solar Power Plant was made by Prominet Power Co Ltd, a wholly-owned subsidiary of Tokyo Gas focused on solar power business development and management.
Originally secured by APL in 2014, the PV facility is considered one of the largest solar power plants feeding electricity into the system of Tokyo Electric Power Company (TYO:9501), according to the company's website.
Located in a 137-hectare (338.5 acres) area in Annaka city, the solar plant has been operational since last month. Tokyo Gas expects that the park's output will help offset approximately 56,000 tonnes of carbon dioxide (CO2) emissions annually.
With the acquisition, the Tokyo Gas' domestic renewable energy portfolio surpasses 100 MW.