Century Tokyo Invests in Ciel & Terre to Grow in Floating Solar

(Bloomberg) — Century Tokyo Leasing Corp. acquired a 15
percent stake in French developer Ciel & Terre International to
add floating-solar technology.

Ciel & Terre’s systems are essential for such an expansion,
Century Tokyo said Tuesday in a statement, without disclosing
financial terms. It already has three floating solar power
plants in Japan with Kyocera Corp. totaling 5.2 megawatts, using
the French company’s technology.

Floating solar systems lay photovoltaic panels over inland
bodies of water such as reservoirs, quarry lakes or irrigation
canals. While the business is still in its infancy, it’s growing
in Japan as the country works to expand renewable-energy
generation following the 2011 Fukushima nuclear disaster.

Earlier this year, Kyocera and Century Tokyo completed a
2.3-megawatt floating solar station in western Japan, the
world’s largest. They’re now developing a 13.7-megawatt plant,
according to the statement.

To contact the reporter on this story:
Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at landberg@bloomberg.net
Amanda Jordan, John Deane

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