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Sumitomo Corporation to Implement 59.9MW Solar Project in Minamisoma

Published on 27 May 2016
Sumitomo Corporation will be implementing a solar power project in the Migita/Ebi and Mano districts of the city of Minamisoma in Fukushima Prefecture via Solar Power Minamisoma-Kashima Co., Ltd. A group of financial institutions assembled by Mizuho Bank, Ltd. as the arranger will provide SPC with financing, while Toshiba Corporation and Taisei Corporation will be responsible for EPC.

Expected to cost about 22 billion yen in total, the Project will entail erecting a mega-solar power facility with a generation capacity of 59.9MW as well as related facilities on a plot of land belonging to Minamisoma (approximately 110 hectares) affected by the Great East Japan Earthquake. Construction is already underway as of May 2016, and commercial operation is expected to begin in March 2018. The Project will generate the equivalent power usage of approximately 20,000 general households, and will utilize the fixed price purchasing system to provide electric power to retail power companies.

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