ITOCHU : Announces Plan for Mega Solar Business Operated Through Saga-Ouchi Solar Power Station
January 25, 2016 at 01:18 am
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ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter 'ITOCHU') and Kyudenko Corporation (Matsuji Nishimura, President; hereinafter 'Kyudenko') announced today that they will construct the largest mega solar facility (large-scale solar power station) in Saga and conduct the power generation business in the prefecture through an operating company that will be established jointly by the two companies.
The operating company today concluded a financing agreement pertaining to the project with the Bank of Fukuoka.
The power expected to be generated per year amounts to 23,863,147 kilowatts per hour, equivalent to the amount of electricity consumed by 4,223 ordinary households annually. As a result, carbon dioxide will be reduced by as much as approximately 14,500 tons every year.
ITOCHUU and Kyudenko will promote the power generation business through the operation, utilizing renewable energy in both Japan and abroad. By doing so, the two companies will contribute to the creation of a recycling-oriented society while giving consideration to environmental conservation such as the prevention of global warming.
Outline of business
Operator
Saga-Ouchi Solar Co., Ltd.
(50% by ITOCHU Corporation and 50% by Kyudenko Corporation)
Location
773-1 (including other lots), Oshikawa, Ouchi-cho, Karatsu-shi, Saga
Power generating capacity
21 MW (21,040.32 KW)
Land area
Approx. 320,000 square meters
Number of panels
75,144 panels
Construction company
Kyudenko Corporation
Maintenance
Kyudenko Corporation
Period of business
Electricity will continue to be sold to Kyushu Electric Power Co., Ltd for 20 years
Construction timeline
Construction will commence in January 2016, with commercial operations expected to begin in April 2018.
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Itochu Corporation issued this content on 2016-01-15 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-25 01:17:02 UTC
Original Document: http://www.itochu.co.jp/en/news/2016/1601152.html
Itochu Corporation is a diversified group organized around 8 areas of activity:
- distribution of food products (34.9% of net sales): frozen food, vegetable oil, sweeteners, sugars, etc.;
- distribution of hydrocarbons (23.3%): hydrocarbons (natural gas, oil products, bioethanol, etc.). The group also develops manufacturing of chemical products activity;
- manufacturing and sale of industrial and construction machines, vehicles and ships (9.7%);
- production of metals and coal (8.5%);
- sale of consumer products (8.4%). The group also develops forest products sale and real estate development activities;
- distribution of computing and telecommunication equipments (7%): data transmission, Internet access, media content broadcasting and mobile telephony equipments. The group also offers financial services;
- sale of textile products (3.6%);
- other (4.6%).
Net sales are distributed geographically as follows: Japan (79.5%), Singapore (5.4%), the United States (4.5%), Australia (3.1%), China (2.8%) and other (4.7%).
ITOCHU CORPORATION 
