Oct 10, 2013 - Japanese chemical company Kaneka Corp (TYO:4118) said today it had put on stream a 12.7-MW solar plant in Ibaraki prefecture, central Japan.
Kaneka, which produces synthetic resins and is also engaged in the solar module production industry, said the photovoltaic (PV) facility had been commissioned on October 1. Powered by Kaneka's thin-film silicon modules, it is expected to produce about 11,000 MWh of electricity each year, enough to meet the power demand of approximately 3,000 homes, the developer calculates.
The installation will operate under Japan’s feed-in tariffs (FiTs) for renewables, launched in July 2012. The incentives are part of Japan’s efforts to encourage investment in the renewable segment following the 2011 accident at the Fukushima nuclear power plant. Although the country approved a 10% cut in the FiT for solar electricity to JPY 37.8 (USD 0.285/EUR 0.211) per kWh as of April 1, the move did not affect the huge interest of foreign and domestic investors.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.