Kyocera TCL Solar Completes Construction of Third Floating Solar Power Plant in Hyogo Prefecture, Japan
By Business Wire News
By Business Wire News
Kyocera Corporation (President: Goro Yamaguchi; herein “Kyocera,”) and Century Tokyo Leasing Corporation (President: Shunichi Asada; herein “Century Tokyo Leasing”) announced today that Kyocera TCL Solar LLC has completed construction of its third floating mega-solar power plant in Hyogo Prefecture, Japan. A ceremony was held on May 24 to commemorate completion of the 2.3-megawatt (MW) plant, which will generate an estimated total of 2,680 megawatt hours (MWh) per year — enough electricity to power approximately 820 typical households*.
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2.3MW floating solar power plant in Kasai City, Hyogo Prefecture (Japan) (Photo: Business Wire)
Kyocera and Century Tokyo Leasing jointly established Kyocera TCL Solar LLC in August 2012 for the purpose of constructing and operating multiple solar power plants in Japan. Due to the rapid implementation of solar power, securing tracts of land suitable for utility-scale plants is becoming increasingly difficult in Japan. In order to utilize the country’s abundant water surfaces, Kyocera TCL Solar began installing floating solar power generation systems last year. This marks the third floating installation completed by the company, in addition to 1.7MW and 1.2MW plants which began operation last month at two different sites in Hyogo Prefecture. The company is also developing a 13.4MW installation on a dam reservoir in Chiba Prefecture, Japan.
Through its projects, Kyocera and Century Tokyo Leasing hope to contribute to the expansion of renewable energy and development of a low carbon society.
|Location||Reservoir in Kasai City, Hyogo Prefecture, Japan|
|Operation||Kyocera TCL Solar LLC|
|Solar Modules||255-watt Kyocera modules (9,072 modules in total)|
Expected annual power
| Approx. 2,680MWh/year|
Electricity generated will be sold to the local utility (The Kansai Electric Power Co., Inc.) through Japan’s feed-in-tariff system.
|Start of operation||June 2015 (planned)|
- Floating solar power generating systems typically generate more electricity than ground-mount and rooftop systems due to the cooling effect of the water.
- The systems reduce reservoir water evaporation and algae growth by shading the water.
- Floating platforms are 100% recyclable, utilizing high-density polyethylene, which can withstand ultraviolet rays and resists corrosion.
- The floating platforms are designed and engineered to withstand extreme physical stress, including typhoon conditions.
* Based on average annual use of 3,254.4kWh per household. Source: Federation of Electric Power Companies of Japan (Graphical Flip-chart of Nuclear & Energy Related Topics 2015)
Kyocera Corporation (NYSE:KYO)(TOKYO:6971) (http://global.kyocera.com/), the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of fine ceramics (also known as “advanced ceramics”). By combining these engineered materials with metals and integrating them with other technologies, Kyocera has become a leading supplier of solar power generating systems, mobile phones, printers, copiers, electronic components, semiconductor packages, cutting tools and industrial ceramics. During the year ended March 31, 2015, the company’s net sales totaled 1.53 trillion yen (approx. USD12.7 billion). Kyocera appears on the latest listing of the “Top 100 Global Innovators” by Thomson Reuters, and is ranked #552 on Forbes magazine’s 2015 “Global 2000” listing of the world’s largest publicly traded companies.
Century Tokyo Leasing Corporation (TOKYO:8439) was launched in 2009 through the merger of the former Century Leasing System, Inc. and the former Tokyo Leasing Co., Ltd. Century Tokyo Leasing is one of the leading companies in the industry, operating in four business segments, Equipment Leasing, Specialty Financing (including environmental and energy business), Automobile Financing and International Business. Century Tokyo Leasing enjoys the support of a strong line-up of shareholders, including Mizuho Financial Group and ITOCHU Corporation. As of the year ended March 31, 2015, the company’s consolidated operating assets reached total of 2.9 trillion yen (approx. USD24.2 billion), and the company’s market capitalization stood at 390billion yen (approx. USD3.2 billion).
KYOCERA Corporation (Japan)
Hina Morioka, +81-(0)75-604-3416
Century Tokyo Leasing Corporation
Takeshi Matsubara, +81-(0)3-5209-6710
Investor Relations Office