A consortium of seven Japanese companies are celebrating this week as they broke ground on what is to be the country’s largest solar and wind power plant in Tahara City, Aichi Prefecture. The group, which includes Toshiba, Mitsui & Co., Toagosei Co., and others, say their project will have a capacity of 50 megawatts of solar power and a capacity of 6 megawatts from wind.
The seven firms came together in October of 2011 to begin discussing and planing the 18 billion yen (approx. $225 million) project, with agreements officially reached in September of this year to begin construction. Funding is coming from a mixture of sources, including research and development subsidies from the government of Aichi Prefecture, as well as incentive programs from Tahara for new business ventures. The majority, however, will come from loans issued by the Development Bank of Japan.
The renewable energies plant is being built on a plot of land measuring 800,000 square meters (197 acres), selected specifically for its peak daylight hours and wind velocity. Estimates show the project will have an annual output of around 67,500 megawatt-hours of electricity, enough to power 19,000 homes or 90% of those in Tahara City. The participating companies are also looking forward to increasing their collective knowledge and expertise in solar and wind power industries, allowing them to apply the experience to other possible fields.