A partnership of four companies – Kyocera Corp., Photovolt Development Partners GmbH, Kyudenko Corp., ORIX Corp. and Mizuho Bank Ltd. – have reached a basic agreement to develop the 430 MW Ukujima Mega Solar Park on an island in Nagasaki Prefecture, Japan.
The $1.47 billion project plans to use approximately 1.72 million of Kyocera's polycrystalline silicon solar modules to create a photovoltaic system that is expected to generate about 500 GWh of electricity per year. The project will cover an area of roughly 6.3 million square meters at multiple locations, covering roughly 25% of the island. A 60-kilometer undersea cable between Ukujima and the island of Kyushu will enable all power produced from the project to be sold to Kyushu Electric Power Co. under Japan's national feed-in tariff program for renewable energy.
Photovolt Development Partners began planning the solar power project in April 2013. Kyudenko will be responsible for construction, maintenance and management of the solar power systems, with Kyocera assisting. Mizuho Bank will manage project financing. Construction is expected to begin in 2015 or 2016.