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Japan’s largest single utility-scale solar power plant, using 290,000 multicrystalline solar modules supplied by Kyocera is expected to cost in the region of US$345 million or approximately ¥27 billion when complet by autumn 2013. With project finance now in place, construction of the plant in Kagoshima City, on land owned by IHI Corporation, will start in September. The plant was initially announced in April 2012.
Kyocera said that a new company, Kagoshima Mega Solar Power Corporation had been established to operate the plant. Seven investment companies were said to have been involved in financing the project, lead by Mizuho Corporate Bank and Kyocera.
Annual electricity output of the plant was said to have been calculated at 78,800MWh, and will qualify for a feed-in tariff of ¥42 (approx. US$0.53) per kilowatt hour for a period of 20 years.