ITOCHU Announces Plan for Mega Solar Business Operated Through Saga-Ouchi Solar Power Station

January 15, 2016

ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) and Kyudenko Corporation (Matsuji Nishimura, President; hereinafter “Kyudenko”) announced today that they will construct the largest mega solar facility (large-scale solar power station) in Saga and conduct the power generation business in the prefecture through an operating company that will be established jointly by the two companies.

The operating company today concluded a financing agreement pertaining to the project with the Bank of Fukuoka.

The power expected to be generated per year amounts to 23,863,147 kilowatts per hour, equivalent to the amount of electricity consumed by 4,223 ordinary households annually. As a result, carbon dioxide will be reduced by as much as approximately 14,500 tons every year.

ITOCHUU and Kyudenko will promote the power generation business through the operation, utilizing renewable energy in both Japan and abroad. By doing so, the two companies will contribute to the creation of a recycling-oriented society while giving consideration to environmental conservation such as the prevention of global warming.

Outline of business

Operator Saga-Ouchi Solar Co., Ltd.
(50% by ITOCHU Corporation and 50% by Kyudenko Corporation)
Location 773-1 (including other lots), Oshikawa, Ouchi-cho, Karatsu-shi, Saga
Power generating capacity 21 MW (21,040.32 KW)
Land area Approx. 320,000 square meters
Number of panels 75,144 panels
Construction company Kyudenko Corporation
Maintenance Kyudenko Corporation
Period of business Electricity will continue to be sold to Kyushu Electric Power Co., Ltd for 20 years
Construction timeline Construction will commence in January 2016, with commercial operations expected to begin in April 2018.