Japanese power electronics company Kyocera Corp. is to collaborate with three project partners on the construction of a 92 MW solar PV project in Japans southwestern prefecture of Kagoshima.
Gaia Power, Kyudenko Corp. and Century Tokyo Leasing Corp. (CTL) will take part in the project, working alongside Kyocera on the creation of the solar park, construction of which will begin by the end of March 2016.
Initial investment costs are estimated at 35 billion yen ($284 million), with Kyocera to provide the solar panels for the project, which will generate enough clean solar electricity to power more than 30,500 local households once it is completed.
Gaia Power will own a 72.7% stake in the solar plant, with Kyocera joining CTL and Kyudenko in holding 9.1% of the project. At 92 MW, the solar park set to be constructed on a 494-acre site between the towns of Osaki and Kanoya will be one of Japans largest when complete.
Kyocera already has one of Japans largest solar parks under its belt. The electronics group developed a 70 MW PV project in Kagoshima Bay at the end of 2013, and more recently unveiled plans to work with German PV developer Photovolt Development Partners on a 430 MW PV plant in Japans Nagasaki prefecture.