Solar park in Japan. Author: Minoru Karamatsu. License: Creative Commons.
Japanese general machinery trading company Tokyo Sangyo Co Ltd announced on Monday it has acquired fixed assets to built a 23.5-MW solar plant in Niigata prefecture.
Located in the city of Agano, the photovoltaic (PV) plant will require JPY 6.5 billion (USD 58.6m/EUR 52.2m) in investments. The PV facility will cover an area of 400,000 sq m and it is expected to generate around 24,000 MWh per year, the company said.
According to the firm's schedule, construction works should commence this August. Completion is planned for June 2019, with the start of commercial operations to follow in July. Tokyo Sangyo expects to offset roughly 14,000 tonnes of carbon dioxide (CO2) annually when the power plant is online.