Clean Power 7169063498_0c83762d93

Published on September 8th, 2012 | by Mridul Chadha

3

Softbank and Mitsui Co. Plan to Build Largest Solar Power Plant in Japan

September 8th, 2012 by  

 
Japan’s third-biggest mobile phone company, Softbank corporation, and Mitsui and Co. have joined hands to build and operate the nation’s largest solar power plant. With a planned capacity of 39.5 MW, the solar power plant demonstrates the increasing interest of companies in the renewable energy sector after the Fukushima nuclear disaster last year.

The plant will be located in Tottori prefecture in the city of Yonago and is expected to be commissioned by July next year. Construction of the Tottori plant will start from next month. The project is to be financed partly by the equity from both the companies and partly from project finance schemes.

Earlier this year, Softbank also made announcement for its plan to build a 111-MW solar power plant in Hokkaido, with expected commissioning in 2014. According to the reports, Softbank plans to invest in about 230 MW in the renewable energy sector. This decision is believed to be a part of the country’s plan to reduce the dependence on nuclear energy by about 20-25% by 2030, something Softbank’s CEO is very supportive of.
 


 
“Mitsui, which gets about 90 percent of its profit from trading in metals, oil and gas, has helped to arrange for Chugoku Electric Power Co. to buy the electricity from the solar plant,” Softbank Chairman Masayoshi Son said.

The launch of the comprehensive feed-in-tariff scheme in July, wherein regional power utilities can buy power from renewable energy suppliers at a pre-determined price for up to 20 years, has attracted many companies to invest in Japan’s renewable energy sector.

According to a recent estimate by the government, Japan would require an investment of about $637.4 billion in renewable energy by 2030 to completely eliminate the country’s dependence on nuclear power.

It seems construction of mega-scale solar power plants is underway in the unused industrial complexes in Japan, amid expectations that renewable energy may rule the country’s total energy mix, especially after the Fukushima nuclear disaster.

Image Source: IntelFree Press

The views presented in the above article are author’s personal views only. 
 
Get CleanTechnica’s 1st (completely free) electric car report → “Electric Cars: What Early Adopters & First Followers Want.”
 
Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.

 

Tags: , , , , ,


About the Author

currently works as Head-News & Data at Climate Connect Limited, a market research and analytics firm in the renewable energy and carbon markets domain. He earned his Master’s in Technology degree from The Energy & Resources Institute in Renewable Energy Engineering and Management. He also has a bachelor’s degree in Environmental Engineering. Mridul has a keen interest in renewable energy sector in India and emerging carbon markets like China and Australia.



Back to Top ↑
  • Advertisements

  • Top Posts & Pages

  • Cool Cleantech Events

    Low Voltage Electrification Event, April 25-27. Detroit, Michigan (US)
    Delve deep into the benefits and challenges associated with EV power supply.

    Offshore Wind Market Development USA, May 11-12, Boston, Massachusetts (US)
    Network and establish your business in one of North America’s largest energy industries.

    Energy Storage USA, June 15-16, San Diego, California (US)
    Only event in the United States focused exclusively on the commercialization of storage.

    More details are on: Cleantech Events.

  • Advertisement

  • CleanTechnica Electric Car Report

    Electric Cars Early Adopters First Followers
  • Tesla Model 3 Review by EVANNEX

    Tesla Model 3 Review from EVANNEX
  • Tesla Model 3 Exclusive Video

    Tesla Model 3 Video
  • Tesla Model 3 Exclusive Pictures

    Tesla Model 3 Video
  • Tesla Model X Review #1 (Video)

    Tesla Model X Review from new owners Zach Shahan
  • Tesla Model X Review #2 (Pictures)

    Tesla Model X Review from Kyle Field
  • Tesla Model S Long-Term Review

    Tesla Model S Long Term Review from Kyle Field
  • Nissan LEAF Long-Term Review

    Nissan LEAF Long Term Review from Cynthia Shahan
  • Interview with Michael Liebreich

    Interview with Michael Liebreich
  • Interview with Akon (Teslas & Solar)

    Interview with Akon Tesla Model S Tesla Model X Solar Power Africa
  • Interview with Dr Nawal Al-Hosany

    Interview with Dr Nawal Al-Hosany
  • Interview with Gro Brundtland

    Gro Brundtland
  • Interview with President of Iceland

    President of Iceland Ólafur Ragnar Grímsson
  • Interview with Nick Sampson

    Faraday Future VP Nick Sampson
  • Interview with Dipal Barua

    Dipal Barua 1st ZFEP WInner
  • Interview with Jonathon Porritt

    Jonathon Porritt
  • Interview with Clint Wilder

    Interview with Clint Wilder
  • Interviews with Solar Impulse Pilots

    Bertrand Piccard Andre Borschberg
  • Check out more CleanTechnica Videos.

  • Join The Solar Revolution!

    Edison-solar-energy solar-energy-spill-nice-day
  • Cost of Solar Panels

    cost-of-solar-down
  • Search the IM Network


Shares