Nippon Steel Corp. said Thursday it will begin wind-based power generation in the Hibikinada area in Kitakyushu in March to supply Kyushu Electric Power Co. for 15 years.
The new business will be undertaken by NS Wind Power Hibiki, a joint venture owned 70 percent by Nippon Steel and 30 percent by Japan Wind Development Co., the biggest Japanese steelmaker said.
NS Wind Power will operate 10 wind power generators, each capable of generating 1,500 kilowatts, on coastal land leased by the Kitakyushu Municipal Government. It will supply 35 million kw per year to Kyushu Electric, enough to power some 10,000 households a year.
While the project will cost about 3 billion yen, a third of it will be financed by subsidies from the Ministry of Economy, Trade and Industry.