This news release is intended for media purposes, and is current of the date of publication. Information is subject to change without notice.
Kyocera, Gaia Power, Kyudenko and Tokyo Century Announce Groundbreaking of 92MW Solar Power Plant in Japan
Spanning across approximately 494 acres, the plant provides equivalent power for roughly 33,370 households
|Groundbreaking ceremony held on April 27 (left), and rendering of the Kanoya Osaki Solar Hills Solar Power Plant (right)|
|Project name||Kanoya Osaki Solar Hills Solar Power Plant|
|Location||Kanoya City and Osaki Town in Kagoshima Prefecture, Japan|
|Expected annual power generation||Approx. 99,230MWh/year
Electricity generated will provide the equivalent power for roughly 33,370 average households*2.
|Solar modules||340,740 Kyocera modules (planned)|
|Total investment||Approx. 35 billion yen (approx. USD315 million*3)|
|Project timeline||April 3, 2017: Start of construction
January 2020: Start of operation (planned)
Project planning began in January 2014, as the local community expressed interest in repurposing land that was designated for a golf course more than 30 years ago but subsequently abandoned. The site plan will accommodate 340,740 Kyocera solar modules and is expected to generate roughly 99,230MWh annually — enough electricity to power approximately 33,370 typical households, offsetting roughly 52,940 tons of CO2 emissions per year*4.
Under the agreement, Kanoya Osaki Solar Hills LLC will operate the business, and a consortium established by Kyudenko and Gaia Power is undertaking the design, construction and maintenance of the solar installation. Kyocera is supplying its high-efficiency solar modules and Tokyo Century is responsible for the finance arrangement. Approximately 35 billion yen (approx. USD315 million) in investment is planned for the project, with a goal to begin operations in January 2020.
The massive installation is expected to contribute to the local community through job creation and increase of tax revenues in Kanoya City and Osaki Town. In addition to obtaining forestland development permission, a year-long environmental impact assessment has been completed for the large-scale project. Furthermore, the plant will feature an environmentally friendly design by minimizing land development. The companies will continually work with Kagoshima Prefecture, Kanoya City, Osaki Town and other members of the community to complete construction, and they remain committed to promoting renewable energy as well as contributing to environmental protection and the creation of a sustainable society.
|Company name||Kanoya Osaki Solar Hills LLC|
|Location||Kanoya City, Kagoshima Prefecture, Japan|
|Established||May 27, 2014|
|Shareholders||K.K. GAIA POWER: 72.7%
Kyocera Corporation: 9.1%
Kyudenko Corporation: 9.1%
Tokyo Century Corporation: 9.1%
Role of Participating Companies
|Business operation||Kanoya Osaki Solar Hills LLC|
|Design, construction and maintenance||Consortium established by Kyudenko Corporation and K.K. GAIA POWER|
|Supply of solar modules||Kyocera Corporation|
|Finance arrangement||Tokyo Century Corporation|
*1 Among operating solar power plants. Based on research by the four companies (as of April 1, 2017)
*2 Based on average annual use of 2,973.6kWh per household. Source: Japan Atomic Energy Relations Organization (Graphical Flip-chart of Nuclear & Energy Related Topics 2016)
*3 For the reader’s convenience; based on an exchange rate of JPY111 = USD1 (as of April 26, 2017).
*4 Based on calculations derived from standards created by JPEA in 2016