August 28, 2012

New Japanese solar development consortium plans 250 plants

Japan Mega Solar Co, a company created by Japanese home renovator West Holdings, plan to invest 100 billion yen (USD1.27-billion) in developing 250 small-scale solar plants with a combined capacity of 500-MW. The projects are to be developed over five years.

West Holdings is not the only major Japanese company moving into large-scale photovoltaic development, Noriaki Yamashita, a senior researcher at the Institute for Sustainable Energy Policies told PV magazine. He reported that in July more than 40 big companies announced plans to do so, representing "a very big tide for the renewable energy industry."