Sumitomo Mitsui plans 2.8-MW floating solar project in Japan
Image illustrating the completed Sumitomo Mitsui floating PV park in Miyagi. Image by Sumitomo Mitsui (https://www.smcon.co.jp)
Sumitomo Mitsui Construction Co Ltd (TYO:1821) plans to launch its first off-site corporate power purchase agreement (PPA) tied to a 2.8-MW floating solar power system in Osaka Prefecture, Japan.
Local utility Izumisano Power Company will be the off-taker of all the output, Sumitomo Mitsui has announced.
Located atop three agricultural reservoirs in Izumisano City on the island of Honshu, the photovoltaic (PV) system was chosen by the city, the reservoirs' owner, as part of a public call and was also selected to receive a subsidy from the Ministry of Economy, Trade and Industry.
This is the company’s seventh solar power generation project with commissioning scheduled for June 2023 and a planned period of operation of 25 years.
Currently, Sumitomo Mitsui aims to achieve 40 MW of renewable capacity in 2024 and 150 MW in 2030.