Sumitomo to build 60MW solar facility in Fukushima

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Utility-scale solar in nearby Matsushima. Image: Andy Colthorpe.

Sumitomo Corporation, Japan’s leading general trading company, is implementing a 60MW solar PV project in Minamisoma, Fukushima, at a ¥22 billion (US$ 201 million) investment.

The 110 hectare project is situated in the Migita/Ebi and Mano districts and will be funded by a consortium including Mizuho Bank, while Toshiba and Taisei will be providing EPC expertise. Construction has already begun and the project is expected to be operational in March 2018.

The project is expected to generate enough energy to power around 20,000 Japanese homes, according to the company. The solar plant is also a crucial step in meeting the 'Minamisoma Renewable Energy Promotion Vision' which aims to have clean energy provide almost the entirety of the city’s power consumption by 2040.

Fukushima was hit by both the Great East Japan Earthquake in March 2011 and the nuclear spill at the Fukushima Daichi power plant, which triggered the the shutdown of Japan's fleet of nuclear power stations and the creation of the feed-in tariff (FiT) policies for solar that catapulted the country into being one of the world's top markets for PV.

Fukushima itself is emerging from the tragedies with purported designs to become a world leader in clean energy; as the ambitious renewable energy target suggests. Sumitomo's annoucement is the latest in a considerable amount of solar deployment in the Fukushima region. Last summer Japanese conglomerate Marubeni Corporation began operations on a 52.5MW plant which was supported by generous US$132 million in funding from financiers including he Bank of Tokyo-Mitsubishi UFJ.

Read Next

September 8, 2021
Online retail giant Amazon has signed a 10-year corporate power purchase agreement (PPA) in Japan with Mitsubishi Corporation for the output from 22MW of solar PV plants. 
August 3, 2021
Solar developer Pacifico Energy has started building work on a 121MWdc solar project on the site of a former golf course in Japan, with juwi Shizen Energy hired as engineering, procurement and construction (EPC) contractor.
July 13, 2021
Solar PV capacity in Asia Pacific could triple to 1,500GW by 2030, with China driving deployment and Indonesia set to be the region’s fastest-growing market, according to Wood Mackenzie.
July 6, 2021
Construction risks may have escalated post-COVID and challenges around power purchase agreements (PPAs) remain, however banks in Asia remain committed to lending to solar projects.
June 30, 2021
Japan’s eighth solar auction, for projects with a generation capacity of more than 250kW, has closed with bidders securing a total of 208MW.
June 14, 2021
Asia boasts a growing number of markets with solar development pipelines in excess of 1GW, a new report by Fitch has found, with the region dominating the consultancy’s project database analysis this year.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK
Solar Media Events
December 1, 2021