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Marubeni to Enter Mega-solar Power Business
 

Tokyo, Nov 5, 2012 (JCN) - Marubeni Corporation will enter the mega-solar power market by constructing a large-scale solar power plant at the coastal industrial area of Oita No.6 owned by its subsidiary, Marubeni Ennex Corporation, Showa Denko K.K. and others. The facility, with a targeted total capacity of 81.5MW - corresponding to the annual electricity consumption of 30,000 ordinary houses - will be the largest power business at one single place in Japan.

In line with this, Marubeni will create a new special purpose company and start plant construction this month. The commissioning and start of power plant operations are scheduled after March 2014.

The generated power will be sold to Kyushu Electric Power Co. Inc. over 20 years. This business will be significantly useful to the risk evaluation on future mega-solar power business by collecting data on plant operation, maintenance and troubles, as well as to effective utilization of long unused idle land.

By Chris Lui Staff Writer

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