Itochu, Kyudenko to Build 21MW Solar-Power Station in Japan

(Bloomberg) — Itochu Corp. and Kyudenko Corp. will build a
21-megawatt solar-power station in Japan’s southwestern
prefecture of Saga.

A venture set up by the two companies signed a loan
agreement with the Bank of Fukuoka Ltd., Itochu said in a
statement. No financial details were available.

Construction of the plant will begin this month, with
operations set to start in April 2018, according to the
statement. The station will sell solar power to Kyushu Electric
Power Co. for 20 years.

To contact the reporter on this story:
Chisaki Watanabe in Tokyo at

To contact the editors responsible for this story:
Reed Landberg at
Iain Wilson, Aaron Clark

About BloombergNEF

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.
Sign up for our free monthly newsletter →

Want to learn how we help our clients put it all together? Contact us