[May 27, 2015] |
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Kyocera, Gaia Power, Kyudenko and Century Tokyo Leasing Announce Construction of 92MW Solar Power Plant in Japan
Kyocera (News - Alert) Corporation (herein "Kyocera"), K.K. GAIA POWER (herein "Gaia
Power"), Kyudenko Corporation (herein "Kyudenko"), and Century Tokyo
Leasing Corporation (herein "Century Tokyo Leasing") announced that the
companies have made a joint investment in Kanoya Osaki Solar Hills LLC,
a solar power operating company, to construct and operate a 92-megawatt
(MW) solar power plant. Planned for construction on a site stretching
across Kanoya City and Osaki Town in Kagoshima Prefecture, the project
will become one of the largest solar installations in Japan.
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Rendering of the Kanoya Osaki Solar Hills Solar Power Plant in Japan (Photo: Business Wire)
Project planning began in January 2014, as the local community expressed
interest in effectively using the project site, which had been
designated for a golf course more than 30 years ago but subsequently
abandoned. Covering a total of approximately 2,000,000m2
(approx. 494 acres), the site will accommodate 340,740 Kyocera solar
modules, and is expected to generate roughly 99,230MWh annually - enough
electricity to power approximately 30,500*1 typical
households, offsetting roughly 35,730 tons of CO2 emissions
per year*2.
Under the agreement, Kanoya Osaki Solar Hills LLC will operate the site,
and a joint venture established by Kyudenko and Gaia Power will
undertake the design, construction and maintenance of the solar
installation. Kyocera will supply its high-efficiency solar modules, and
Century Tokyo Leasing will arrange financing. Approximately 35 billion
yen (approx. USD290 million) in investment is planned for the project,
with a goal to start construction in the second half of FY2016 (October
2015 to March 2016) and begin operations in FY2018 (April 2017 to March
2018).
The land development application for the project was submitted in April
2015, along with a year-long environmental impact assessment which has
been completed. The massive installation will contribute to the local
community through job creation and increase of tax revenues in Kanoya
City and Osaki Town. The companies are cooperating with Kagoshima
Prefecture, Kanoya City and Osaki Town to ensure environmentally
friendly construction methods, and remain committed to promoting
renewable energy as well as contributing to environmental protection and
the creation of a sustainable society.
*1 Based on average annual use of 3,254.4kWh per household. Source (News - Alert):
Federation of Electric Power Companies of Japan (Graphical Flip-chart of
Nuclear & Energy Related Topics 2015) *2 Based on calculations
derived from standards created by JPEA
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Project Overview
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Project name
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Kanoya Osaki Solar Hills Solar Power Plant
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Location
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Kanoya City and Osaki Town in Kagoshima Prefecture, Japan
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Output
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Approx. 92MW
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Expected annual power generation
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Approx. 99,230MWh/year Electricity generated will provide the
equivalent power for roughly 30,500 average households.
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Solar modules
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Approx. 340,740 Kyocera modules
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Total investment
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Approx. 35 billion yen (planned)
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Project timeline
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Second half of FY2016: Start of construction FY2018: Start of
operation
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Company Overview
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Company name
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Kanoya Osaki Solar Hills LLC
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Location
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Kanoya City, Kagoshima Prefecture, Japan
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Established
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May 27, 2014
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Shareholders
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K.K. GAIA POWER: 72.7% Kyocera Corporation: 9.1% Kyudenko
Corporation: 9.1% Century Tokyo Leasing Corporation: 9.1%
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About
KYOCERA
Kyocera
Corporation (NYSE:KYO)(TOKYO:6971), the parent and global
headquarters of the Kyocera Group, was founded in 1959 as a producer of fine
ceramics (also known as "advanced ceramics"). By combining these
engineered materials with metals and integrating them with other
technologies, Kyocera has become a leading supplier of solar power
generating systems, mobile phones, printers, copiers, electronic
components, semiconductor packages, cutting tools and industrial
ceramics. During the year ended March 31, 2015, the company's net sales
totaled 1.53 trillion yen (approx. USD12.7 billion). Kyocera appears on
the latest listing of the "Top 100 Global Innovators" by Thomson (News - Alert)
Reuters, and is ranked #552 on Forbes magazine's 2015 "Global
2000" listing of the world's largest publicly traded companies.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150527005644/en/
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