Nov 18, 2014 - Japan-based Nippon Telegraph and Telephone Corp (TYO:9432) on Tuesday unveiled a project for the construction of a 15-MW solar park in northern Japan.
The photovoltaic (PV) facility will be built by Nippon Telegraph’s unit NTT Facilities Inc, according to a company statement. The plant will be situated in Oshu city, Iwate prefecture, and is planned to be switched on in October 2016. The developer expects to sign a lease agreement for the site with the local government next month.
Once operational, the solar park is expected to generate 14,640 MWh of electricity per year, or enough to meet the needs of about 4,000 homes, NTT Facilities estimates.
Last month, the Japanese firm put on stream a 4.8-MW solar installation in Ibaraki prefecture, which is its 35th operational PV plant.
In the past few years, Japan turned into a hot destination for PV projects after it launched attractive renewable power feed-in tariffs (FiTs) in July 2012. A number of utilities in the country, however, were recently forced to limit or even hold off grid connection permitting for new solar capacity due to the huge levels of deployment.
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