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ECONOMY > Energy

Tokyo Gas enters solar power generation business

  • February 24, 2017
  • , Tokyo Shimbun , p. 7
  • JMH Translation

Tokyo Gas and Shizen Energy, a Fukuoka-based renewable energy firm, announced a capital alliance on Feb. 23. They will set up a special-purpose corporation in which Tokyo Gas will invest 5 billion yen. The new firm will build solar power plants in around seven locations nationwide with a total power output capacity of 60,000 kilowatts. The projects are estimated to cost several tens of billion yen, including bank loans.

 

Shizen Energy, which was set up in June 2011, right after the Great East Japan Earthquake, handles a range of renewable energy operations from the design of power plants mainly using solar power to construction and maintenance. ┬áIts solar power projects, which have a total output capacity of about 600,000 kilowatts, have been endorsed by the Ministry of Economy, Trade and Industry. The company’s completed projects include those that can provide 150,000 kilowatts of electricity . Plans are also underway to build a wind power plant with an output capacity of 60,000 kilowatts. (Abridged)

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