Business
trend
The move
to raise funds from investors for the investment in mega solar power plant is
growing more active toward coming July when the special measures to stimulate
the renewable energy business are enacted. Orix, one of Japan’s leading
financial service companies, will create an investment fund of 30 billion yen,
and it will be followed by other companies.
As the
first step, Orix will create a fund of 10 billion yen by the summer of 2013 and
construct 5-10 mega solar power plants. All stocks of the fund will be sold to
institutional investors when these plants go into operation, and electricity
generated by photovoltaic generation will be sold to the local electric power
company. The investors will receive dividends of the fund that is expected to
be 5%. Orix will create another two funds of the same kind by the summer of
2015. That is, the company will construct 5-10 mega solar power plants that
have a combined output of 100,000 kW enough to supply electricity to 30,000
households in three years.
Tokyo Marine Asset Management will create a fund to raise investment for the
construction of 10 mega solar plants across the country in alliance with Mitsui and Co. The output is scheduled to be 1,000-2,000 kW each. Toyota Tsusho and Eurus Energy in which Tokyo Electric Power invested will invest 40-50 billion yen to
construct three 100,000 kW class mega solar power plants. The financing method
will be the project finance that gets finance from the bank on security of the revenue
from selling electricity. The two companies plan to create a fund and collect
capital from institutional investors in the future.
Generation
by renewable energy accounts only for 1% of total generation in Japan, but the
moves to construct the mega solar power plant is expected to grow against a
backdrop of the increasing sentiment of anti-nuclear power generation.
The large-scale mega solar power plant outside Osaka
Nice video!
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