KYOCERA Establishes New Company to Operate 70MW Solar Power Plant in …

July 31, 2012 by  
Filed under Green Energy News


KYOTO, Japan, Jul 31, 2012 (BUSINESS WIRE) –
Kyocera Corporation


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+1.27%



(tokyo:6971), along with six other
companies, today announced the completion of capital investment
procedures for the establishment of Kagoshima Mega Solar Power
Corporation, a new company which will be tasked with operating a 70
megawatt (MW) solar power plant in southern Japan. The utility-scale
solar power plant will become the largest in Japan*1.

The new company will develop and operate the previously announced 70MW
solar power plant in Kagoshima City (Kagoshima Prefecture) on land
owned by IHI Corporation — with the power generated to be purchased by
Kyushu Electric Power Co., Inc. under the guidelines of the new feed-in
tariff (FIT) program which was implemented on July 1 in Japan. The total
project cost is estimated at approximately 27 billion yen (approx. 345
million US dollars*2), with seven investment companies
involved (including Kyocera), and Mizuho Corporate Bank, Ltd. set to
devise a financing plan for the project. Construction is set to commence
in September of this year, with plans for completion by fall of 2013.

The Kyocera Group will be responsible for the supply of 100% of the
solar modules and part of the construction maintenance of the system.
Kyocera is the largest shareholder in the establishment of the new
company.

Expectations and interest in solar energy have heightened to a new level
in Japan with the need to resolve power supply issues caused by the
effects of the Great East Japan Earthquake, and the start of a revamped
FIT program which stipulates that solar installations producing more
than 10 kilowatts (kW) of solar energy be subsidized with a feed-in
tariff of 42 yen (approx. 53 cents*2) per kilowatt hour for a
period of 20 years. Through the start of this new solar power project
Kyocera aims to proactively tackle environmental problems by promoting
the use of renewable energy.



        
        Company Overview
        Company name             Kagoshima Mega Solar Power Corporation
        -----------------------  ----------------------------------------------------------------------------------
        Headquarters             1-1 Kamoikeshinmachi, Kagoshima City, Kagoshima Prefecture, Japan
                                 (within Kyudenko Corporation's Kagoshima Branch Office)
        -----------------------  ----------------------------------------------------------------------------------
        Representative director  President and Representative Director: Tatsumi Maeda (also serves as
                                 vice president and representative director of Kyocera Corporation)
        -----------------------  ----------------------------------------------------------------------------------
        Established              July 10, 2012
        -----------------------  ----------------------------------------------------------------------------------
        Capital                  Approx. 4.3 billion yen (approx. 55 million US dollars*2)
        -----------------------  ----------------------------------------------------------------------------------
        Investing companies      Kyocera Corporation; KDDI Corporation; IHI Corporation; Kyudenko
                                 Corporation; Bank of Kyoto, Ltd.; Kagoshima Bank, Ltd.; Takenaka
                                 Corporation
        -----------------------  ----------------------------------------------------------------------------------
        Business outline         To sell power produced from 70MW solar power plant to local utility
                                 company (Kyushu Electric Power Co., Inc.).
                                 Power to be purchased for a period of 20 years starting from
                                 commencement of power supply.
        -----------------------  ----------------------------------------------------------------------------------
        




        
        Role of Participating Companies
        Operation                Kyocera Corporation
        -----------------------  ---------------------------------------------------------------------
        Construction             Kyocera Solar Corporation; Kyudenko Corporation; Takenaka Corporation
        -----------------------  ---------------------------------------------------------------------
        Operational maintenance  Kyocera Solar Corporation; Kyudenko Corporation
        -----------------------  ---------------------------------------------------------------------
        Land leasing             IHI Corporation
        -----------------------  ---------------------------------------------------------------------
        




        
        Solar Power Plant Overview
        Power output           70MW solar power generation system
        ---------------------  ------------------------------------------------------------------
        Location               2 Nanatsujima, Kagoshima City, Kagoshima Prefecture, Japan
        ---------------------  ------------------------------------------------------------------
        Area                   1,270,000m(2)
        ---------------------  ------------------------------------------------------------------
        Annual output          Approx. 78,800MWh (projected)
                               Electricity generated will provide the equivalent power for
                               roughly 22,000 average households, and will help to offset roughly
                               25,000 tons of CO2 per year.
        ---------------------  ------------------------------------------------------------------
        Construction timeline  Start of construction: September 2012
                               Completion: fall 2013 (planned)
        ---------------------  ------------------------------------------------------------------
        


*1 Largest individual solar power plant in Japan for an
installation at one location; based on publicly announced projects.
Research by Kyocera (as of July 2012). *2 For the
reader’s convenience; based on an exchange rate of JPY78.25 = USD1 (July
31, 2012).

For more information and images of the Kagoshima mega-solar power
plant, please see:

http://global.kyocera.com/news/2012/0403_kara.html

About
KYOCERA

Kyocera
Corporation


/quotes/zigman/194992/quotes/nls/kyo KYO
+1.27%



(tokyo:6971) (
http://global.kyocera.com/ ),
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 plastics, and integrating them with
other technologies, Kyocera has become a leading supplier of solar power
generating systems, telecommunications equipment, printers, copiers,
electronic components, semiconductor packages, cutting tools and
industrial ceramics. During the year ended March 31, 2012, the company’s
net sales totaled 1.19 trillion yen (approx. USD14.5 billion). The
company is ranked #426 on Forbes magazine’s 2012 “Global 2000″
listing of the world’s largest publicly traded companies.

SOURCE: Kyocera Corporation



        
        KYOCERA Corporation (Japan) 
        Judah Reynolds, +81-(0)75-604-3416 
        Corporate Communications 
        webmaster.pressgl@kyocera.jp 
        Fax: +81-(0)75-604-3516
        


Copyright Business Wire 2012

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