Energy Bank Japan (EBJ) Co, a wholly-owned subsidiary of Osaka Gas Co Ltd, will install a floating solar power plant with an output capacity of about 850kW in Hyogo Prefecture, Japan.
EBJ tied up with a neighbourhood council based in Nakashima-chou, Ono City, Hyogo Prefecture, to build the plant in an area of about 36,000m2 in Nakashima-chou. The plant is designed and constructed by JFE Electrical & Control Systems Inc. The construction is scheduled to begin in May 2014, and the completion of the plant and the start of power generation are scheduled in September.
Osaka Gas formed EBJ in April 2010 and is running power generation businesses, etc by establishing a scheme packaging the technical evaluation, engineering and maintenance of renewable energy-based power generation facilities based on its own financing technique that enables customers to build renewable energy-based power generation facilities without initial investment. As of the end of December 2013, the company had concluded contracts to instal about 26MW of solar power generation facilities.
JFE Electrical & Control Systems, a wholly-owned subsidiary of JFE Steel Corp, is a multi-discipline engineering firm specialized in electricity and control. It started to deal with industrial solar power generation systems in 1999. As of the end of December 2013, it had received 41 orders for a total of 104MW of mega-solar (large-scale solar) power plants including a plant having a capacity larger than 10MW. Also, it has already built small- and medium-sized floating solar power plants.
For the latest solar project, EBJ designed a scheme by using its own financing technique. And JFE Electrical & Control Systems designed the floating solar system using France-based Ciel & Terre's floating mounting system and is responsible for the construction, assembly and performance assurance of the system.
The government of Nakashima-chou leases land for the project, maintains and manages the land and performs visual checks on the solar system on a daily basis. EBJ will conclude a contract to sell electricity based on the "feed-in tariff (FIT)" scheme and pay rent to Nakashima-chou by using part of the revenue from electricity sales.