Total SA will build a 27-megawatt solar power station in Ishikawa Prefecture that will be its first photovoltaic project in Japan.
Ise Group and SunPower Corp. will also take part in the ¥10 billion ($89 million) project, according to a statement posted on SunPower’s website. France-based Total owns a majority stake in San Jose-based SunPower, which will supply panels.
The plant will be financed through a loan arranged by Sumitomo Mitsui Banking Corp., according to the statement. Construction of the facility, to be built on land owned by Ise, has already begun, with commercial operations expected to begin early next year.
Total already owns a 12-megawatt wind farm in France and is developing an 86-megawatt solar power plant in South Africa, according to data compiled by Bloomberg New Energy Finance.
“We look forward to further developing our solar activities in Japan and throughout the Asia region,” Bernard Clement, a senior executive at Total’s new energy business, said in the statement.
IN FIVE EASY PIECES WITH TAKE 5