Kobe Bussan Co Ltd, which runs "Gyomu Super" food supermarkets in Japan, announced Aug 14, 2014, that it has started to operate two solar power plants in Kama City, Fukuoka Prefecture, Japan.
The total output of the plants, "Kama (First, Second) Solar Power Plants," is about 3MW. They are expected to generate 3,000,000kWh of electricity per year, which will be sold for ¥121 million (approx US$1.17 million).
For the plants, Kobe Bussan employed Hyundai Heavy Industries Co Ltd's solar panel and Toshiba Mitsubishi-Electric Industrial Systems Corp's (TMEIC) PV inverter. The total initial investment is ¥1,023 million.
Kobe Bussan has a plan to build about 200MW of mega (large-scale) solar power plants across Japan for selling electricity. Thus far, the company has started to sell electricity at 12 plants (total amount of electricity: about 15.2MW). It is currently constructing three plants with a total output capacity of about 4.6MW. And it has acquired construction sites for two plants whose capacities will total about 52MW.
To promptly secure funding for the mega solar business, Kobe Bussan concluded a syndicated loan contract of ¥13 billion. The loan was arranged by The Bank of Tokyo-Mitsubishi UFJ Ltd.