Renewable

January 23 (Renewables Now) - Japanese company Smart Solar Corp announced last week it has completed a 2.44-MW solar photovoltaic (PV) plant in Iwate prefecture, Japan.

Local utility Tohoku Electric Power Co Inc (TYO:9506) will purchase the output at a feed-in tariff (FiT) of JPY 36 (USD 0.33/EUR 0.27) per kWh, according to the company's press release.

The Iwate Ichinoseki Solar Park, as it is named, was built in partnership with Tokyo-based Japan Asia Investment Co Ltd (TYO:8518) and is comprised of 8,904 solar panels. It is expected to generate some 2.45 million kWh of electricity per year, enough to meet the annual demand of about 800 local households.

The PV plant should be able to offset 1,350 tonnes of carbon dioxide (CO2) emissions annually, Smart Solar noted.

Currently, the firm has 30 mega solar power stations all over the country, with a combined capacity of over 205 MW.

(JPY 100 = USD 0.91/EUR 0.74)