Fuyo Lease switches on 14 MW PV plant in Miyagi

Crystal Clear Energy LLC, a joint venture between Fuyo General Lease Co., Ltd. and Sharp Energy Solutions Corporation, began commercial operation on September 28, 2018, of a solar power plant in the town of Shichikashuku, Katta-gun, Miyagi Prefecture. This project is the first solar power generation business in Miyagi Prefecture to make use of the Act on Promoting Generation of Electricity from Renewable Energy Sources Harmonized with Sound Development of Agriculture, Forestry and Fisheries. A portion of the revenue generated from the sale of electricity will be donated to the town of Shichikashuku, where it will go toward the development of local agriculture and forestry operations. Some of the capital for this project will be raised through Green Bonds, scheduled for issuance in November 2018.

The now-operational solar power plant has an installed capacity of approximately 13.9 MWdc, with estimated annual power generation of approximately 13 million kWh. In terms of the annual power consumption of a typical household, this is equivalent to roughly 3,600 households.