Bloomberg has reported that JFE Holdings was awarded a contract from Mitsui & Co. and Tokio Marine Asset Management, which will see the company build three solar plants in Japan through subsidiaries. Four of JFE Steel’s units will provide for the Japanese solar plants with a combined 8.3MW capacity.
The solar projects will be built in the Yamaguchi and Wakayama prefectures in western Japan. Expected to be in operation during the first half of 2013, the solar plants are part of Mitsui’s and Tokio Marine Asset Management’s aim to build 10 solar power stations in Japan at a cost of US$114 million. Neither company commented on the value of the order.