NTT will participate in the photovoltaic generation business through one of its subsidiaries, NTT Facilities, utilizing its idled land. It plans to build about 20 mega solar power plants by the end of 2014. The total generation capacity will be 60,000 kW, making NTT the company with the biggest generation capacity in Japan. Total investment will be about 15 billion yen. The 60,000 generation capacity can supply electricity to about 20,000 households.
The law to purchase electricity generated by renewable energy will be put into effect coming July. The Japanese government proposed a plan to buy electricity of photovoltaic generation for 42 yen per kW for 20 years. Because NTT can expect profits from electric power selling to be 2 billion yen annually, it can recoup its investment in 6-7 years. Starting this summer, NTT will operate 6 mega solar power plants in succession until the end of next January with a total generation capacity of 11,000 kW.
One of Japan's largest distribution and complex facilities designed and developed by NTT Facilities in Kanagawa Prefecture