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Sojitz Corp invests JPY 35 billion for solar plants

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August 9
8:44 AM 2013

Japan-based general trading company Sojitz Corp said it will be initiating its first few solar power projects in the country. The firm announced that they will be investing JPY 35 billion for the construction of four solar plants as it makes a bid to enter the solar power market in the Land of the Rising Sun. In a statement, the company said that a 71-megawatt station will be located in Aomori prefecture, a 9-megawatt plant in Hokkaido, a 13-megawatt plant in Aichi and another 13-megawatt plant in Kumamoto. All in all, the solar plants will have a total capacity of 106 megawatts. Target year for completion of the solar plants is 2016.

The Tokyo-based company, which was formed between the integration of Nichimen and Nissho Iwai, already has a 24-megawatt station located in Germany. Earlier, the Nikkei newspaper reported that the solar panels will be supplied by LG Electronics Inc of South Korea.

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