Launch of the '100-Year Solar Tohoku Project': A Business Model for Solving Social Issues
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Launch of the '100-Year Solar Tohoku Project' to aggregate, revitalize, and operate small-to-medium-sized solar power plants in the Tohoku region for the long term.
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Frequently Asked Questions
- Q: Who are the corporate partners involved in the 100-Year Solar Tohoku Project and what are their headquarters locations?
- A: The partners are Kamei Corporation (headquartered in Sendai, Miyagi), Mitsubishi UFJ Trust and Banking Corporation (headquartered in Chiyoda-ku, Tokyo), 77 Strategic Investment No. 2 Investment Limited Partnership managed by 77 Capital Co., Ltd. (headquartered in Sendai, Miyagi), Hirasol Energy Co., Ltd. (headquartered in Bunkyo-ku, Tokyo), and The Kitanippon Bank, Ltd. (headquartered in Morioka, Iwate).
- Q: What is the main purpose of the 100-Year Solar Tohoku Project regarding solar power plants after the Feed-in Tariff period ends?
- A: The project aims to acquire and aggregate small‑to‑medium‑sized solar power plants across the Tohoku region to ensure long‑term stable operation beyond the 20‑year FIT period, preventing waste and abandonment of those facilities.
- Q: When was the Feed-in Tariff (FIT) system introduced in Japan, and how long does its standard support period last for solar installations?
- A: Japan introduced the Feed-in Tariff system in 2012, and the standard support period for each solar installation lasts for 20 years, after which the plants risk abandonment without further intervention.
- Q: What percentage of Japan’s domestic solar power plants are small‑to‑medium‑size plants under 1 MW, and why does the 100-Year Solar Tohoku Project prioritize them?
- A: Approximately 90 % of domestic solar power plants are under 1 MW; the project prioritizes them because they face increasing maintenance and repair challenges as owners age and the plants approach the end of the FIT period.
- Q: Which financial institution concluded the project finance agreement with 100-Year Solar Tohoku, and who holds the presidency of that institution?
- A: The Kitanippon Bank, Ltd. concluded the project finance agreement with 100-Year Solar Tohoku, and its president is Kyoji Ishizuka, overseeing the bank’s involvement in the financing arrangement.