Wednesday, April 25, 2012

Kyocera, IHI, Mizuho to Build Japan's Biggest Solar Plant

Electronics firm Kyocera Corp , heavy machinery maker IHI Corp and Mizuho Corporate Bank said on Tuesday they have agreed to launch Japan's biggest solar power project at a cost of $307 million.

Their 70-megawatt plant will generate about 79,000 megawatt hours of electricity per year, enough for about 22,000 households, they said.

Solar capacity in Japan has risen to more than 3,500 megawatts, helped by government subsidies for solar panels on homes, though it meets less than 1 percent of the nation's power demand and the capacity is less than a quarter that of Germany.

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