Mitsubishi HC Capital completes 1-MW solar array in Saitama
Solar panels. Author: John S. Quarterman. License: Creative Commons, Attribution 2.0 Generic.
Japan’s Mitsubishi HC Capital Inc (TYO:8593) announced last week it has completed a 989-kW solar photovoltaic (PV) system in Saitama prefecture, Japan.
The Tokorozawa Kitaiwaoka Solar Power Plant, as it is named, was developed by HGE Co Ltd, one of Mitsubishi's companies, in partnership with Seibu Agri Co Ltd, a subsidiary of Seibu Landscape Co Ltd.
Covering an area of 1.3 hectares (3.2 acres) of idle land in Tokorozawa city, the PV array was built under the solar sharing model, allowing the farmland beneath to be used for agricultural purposes. In this case, Seibu Agri will cultivate blueberries and grapes to produce wine.
The PV station has an estimated annual power generation of approximately 1,119 MWh, enough to meet the annual demand of about 311 households and offset some 500 tonnes of carbon dioxide (CO2) per year.
Local utility Tokorozawa Mirai Electric Power Co Ltd is the sole purchaser of the farm's electrical output.