Softbank to run Kyoto solar plant

Kyodo

The Kyoto Municipal Government said Monday it has selected a Softbank Corp. unit and its two partners as contractors to build and operate a solar power plant in the ancient capital.

SB Energy Corp., Kyocera Solar Corp. and Kyocera Communication Systems Co. plan to construct two photovoltaic power generators with a total annual generation capacity of about 4.2 megawatt-hours, enough to meet annual demand from about 1,000 households.

The first of the two is scheduled to begin operating on July 1 as Japan starts its feed-in tariff system, under which electric utilities will purchase all electricity generated by other firms and households from solar and other renewable energy sources.

The Kyoto solar plant project is the first commercial deal for SB Energy, which plans to build solar plants at more than 10 locations in Japan.