Categories: NewsSolar Power

Sumitomo to Build Three Solar Stations in Japan

Sumitomo Corp., a Japanese trading company, will build three solar power stations in Japan with a combined capacity of 49 megawatts.

Sumitomo Mitsui Banking Corp. will provide project financing, according to a joint statement released today. The stations are estimated to cost about 18 billion yen ($180 million) in total.

One plant will be built in the northern prefecture of Hokkaido, in which Japan Petroleum Exploration Co. will also invest. Two will come up in Ehime and Fukuoka in southwestern Japan, according to the statement.

The plants will be completed by April 2015, according to the statement.

Pimagazine Asia Admin

Recent Posts

Insuring Wind Turbines, What is the Risk?

Gallagher Re has shed light on the significant challenges insurers face when providing coverage for…

8 months ago

ARENA Start Feasibility Study in Western Australia

The Australian government will disburse AUD 1.7 million (USD 1.1m/EUR 1m) in grant funding to…

8 months ago

Asia moving away from Solar?

GlobalData’s latest report, ‘Asia Pacific Renewable Energy Policy Handbook 2024’ is among the latest region-specific…

8 months ago

Asia’s Energy Challenge 2024

The electrical generation market is facing a number of challenges, including the need to increase…

8 months ago

Powering Progress: Nuclear Energy’s Role in Asia’s Energy Landscape

Nuclear energy has emerged as a prominent player in Asia's energy landscape, offering a reliable…

1 year ago

Charting a Cleaner Path: Carbon Capture and Storage in Asia

The pursuit of a low-carbon future has gained significant momentum globally, and Asia stands tall…

1 year ago