Nippon Paper Industries Co., Ltd. and Mitsubishi Corporation are pleased to announce that they have completed, on schedule, the construction of the solar power generation facilities on part of the land owned by Nippon Paper Industries in Komatsushima-shi, Tokushima Prefecture. Commercial operation commenced on February 1, 2015, and an inauguration ceremony was held today.
Komatsushima-shi in Tokushima Prefecture has among the country’s highest annual sunshine hours. This represents Shikoku’s largest mega-solar project, and it is operated by Nippon Paper Mega Solar Komatsushima Limited Liability Company, a special-purpose company (SPC) jointly established on the strength of Nippon Paper Industries’ assets and technology, as well as the operating expertise that Mitsubishi Corporation has accumulated to date. The electricity to be generated is sold to Shikoku Electric Power Co., Inc. under Japan’s feed-in tariff (FIT) system, a renewable energy fixed price purchasing system.
Nippon Paper Industries is striving to grow as a comprehensive biomass company, while it is determined to remain focused on expanding the energy business as the Group’s new primary source of revenue through the effective utilization of management resources, including land, power generation facilities and the related expertise to operate these facilities. The Mega-Solar Project in Komatsushima represents the second project for Nippon Paper Industries in its solar power generation business following Otake Mill Mitsubishi Corporation has developed mega-solar operations totaling 140 megawatts in eight locations around Japan, and will remain focused on addressing issues such as the improvement of the energy self-sufficiency ratio and global warming through its renewable energy business.