Hitachi High-Tech, Etrion to Build 34MW of Japan Solar Projects

Sept. 2 (Bloomberg) — Hitachi High-Technologies Corp. and
Etrion Corp. will build two solar-power stations in Japan as
they embark on a plan to develop 300 megawatts of capacity in
the country by 2017.

Construction of a 24.7-megawatt plant in the northern
prefecture of Iwate and a 9.3-megawatt station in Ibaraki,
northeast of Tokyo, is scheduled to begin this year, the
companies said in a statement today.

Hitachi High Tech, based in Tokyo, and Geneva, Switzerland-based Etrion signed an agreement in 2012 to develop solar
stations in Japan. They’re targeting 100 megawatts of solar
capacity by 2015 and 300 megawatts by 2017, according to the
statement.

Sumitomo Mitsui Trust Bank will provide loans for about 80
percent of the cost of the first two stations, according to the
statement. Total costs weren’t disclosed.

Etrion is a solar-power developer with projects in Italy
and Chile.

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
Iain Wilson, Andrew Hobbs

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