Mitsubishi, partners cut ribbon on 13.2-MW Nagasaki solar park
Solar modules. Featured Image: Jackiso/Shutterstock.com
Japan’s Mitsubishi Corp (TYO:8058) on Tuesday inaugurated a 13.2-MW direct current (DC) solar photovoltaic (PV) park in Nagasaki, in which it holds a 50% stake.
Toda Corporation (TYO:1860) and Mitsubishi UFJ Lease & Finance (TYO:8593) own 40% and 10%, respectively, in the project company -- Nagasaki Tadewara Mega Solar LLC. The solar farm in Tadewara-Cho was completed on April 14 and started work on April 15.
Mitsubishi Corp said it has developed eight megawatt-scale solar projects at home, six of which have started operation. The company will continue to develop and operate power generation projects, including renewable energy assets, as it aims “to contribute to the steady supply of electricity in an environmentally friendly manner”.
IHS Inc expects Japan to install 10.4 GW of PV systems in 2015, or 4% more than in 2014. This way, the country will retain its position as the second largest solar market after China.