Kyocera Corp., Kyudenko Corp., and Mizuho Bank, Limited which have been jointly investigating the possibility of operating a maximum 480 MW solar power project on the island of Ukujima (Sasebo City, Nagasaki Pref., Japan) since June 2014, have announced that the project has entered a new phase with the inclusion of five other participants: SPCG Public Co., Tokyo Century Corp., Furukawa Electric Co., Tsuboi Corp. and The Eighteenth Bank.
Photovolt Development Partners began planning the solar power project in April 2013 with the aim of helping to contribute to environmental protection and economic revitalization on the remote island. It has been agreed that the feed-in tariff (FIT) rights would be transferred from Photovolt to the newly established special purpose company named “Ukujima Future Energy Holdings G.K.,” and it will restart as a new project.
About $1.80 billion in investment is planned for the project, with a goal of starting construction in FY2019 (fiscal year ending March 2019). The project plans to use about 1,650,000 Kyocera multicrystalline silicon solar modules to create a 480 MW system that would generate an estimated 515,000 MWh per year.
By constructing a 64-kilometer undersea cable between Ukujima and the island of Kyushu, all power produced from the project will be sold to the local utility company, Kyushu Electric Power Co., Inc., based on the national FIT program for renewable energy.
Under the plan, a land management company would lease agricultural land or deserted arable land on the island from respective owners to then be subleased to a special purpose company named “Ukujima Future Energy G.K.” — a subsidiary of the Ukujima Future Energy Holdings G.K., to construct and operate the solar power systems. In this project, some of the solar systems would be constructed on stilts, allowing the land to be concurrently utilized for both power generation and agriculture.