News Article
77MW Power Plant to be Developed By Mitsubishi and C-Tech In Japan
Mitsubishi Corporation (MC) and C-Tech Corporation (C-Tech) have concluded an agreement with the Aichi Public Enterprise Bureau and Tahara City for the development of a large-scale mega solar project in Tahara City, Aichi Prefecture.
Under this agreement, MC and C-Tech will jointly establish "Tahara Solar Co., Ltd." this February. The company will build and operate the 77 MW Mega Solar Power Plant, one of the largest solar projects in Japan. Construction on the project will start this summer, while the actual sale of electricity, to Chubu Electric Power Company, is scheduled to commence in 2014. The total project cost is estimated at over 20 billion yen, 80% of which will be raised through project financing.
Tahara City, located on the Atsumi Peninsula in southern Aichi, is mainly known as an industrial area, particularly for automobile manufacturing, and also as an agricultural area due to its warm climate.
MC has been collaborating with local governments and private partners to improve Japan's energy self-sufficiency. With a total solar power generation capacity of 130 MW currently in operation or under development across Japan, MC is aiming to expand its capacity to 200 MW by 2020.
C-Tech seeks further contribution towards realizing low carbon emission society by developing renewable energy. C-Tech is now developing and operating solar projects with total capacity of 130 MW and is actively exploring ways to further expand its renewable energy portfolio.
