Oct 22, 2012 - Japanese trader Marubeni Corp (TYO:8002) today said it would build a 81.5-MW solar power plant in Oita city in Japan's Oita prefecture, thus confirming earlier media reports.
The solar plant will generate enough power to supply some 30,000 households a year, according to the statement. Japanese utility Kyushu Electric Power Co Inc (TYO:9508) will buy the output of the plant. Marubeni intends to start construction in November and to put the facility in operation in March 2014.
The project will cost JPY 24 billion (USD 303m/EUR 232m), according to sources in the know, quoted by Japanese news agency Kyodo on Sunday.
In early July, Japan introduced feed-in tariffs (FiTs) for renewable energy. The FiT for solar power is JPY 42 per kWh.