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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: Which companies and financial institutions are participating in the 100-Year Solar Tohoku Project, and where are each of their headquarters located?
A: The partners include Kamei Corporation headquartered in Sendai, Miyagi; Mitsubishi UFJ Trust and Banking Corporation headquartered in Chiyoda‑ku, Tokyo; 77 Capital managed by 77 Capital Co., Ltd. also based in Sendai, Miyagi; Hirasol Energy Co., Ltd. based in Bunkyo‑ku, Tokyo; and The Kitanippon Bank, Ltd. headquartered in Morioka, Iwate.
Q: What social and environmental problems is the 100-Year Solar Tohoku Project intended to solve concerning solar power plants in the Tohoku region after the Feed‑in Tariff period ends?
A: The project aims to prevent waste and abandonment of solar farms by acquiring and aggregating small‑to‑medium plants across Tohoku, ensuring long‑term stable operation beyond the FIT expiry and supporting regional decarbonization goals.
Q: When was Japan’s Feed‑in Tariff (FIT) system introduced, and what is the length of the standard FIT incentive period for solar power plants?
A: Japan introduced its Feed‑in Tariff system in 2012, and the program provides a twenty‑year incentive period for eligible solar power installations.
Q: According to the article, what percentage of Japan’s domestic solar power plants are small‑to‑medium sized under one megawatt, and why is this significant for the project?
A: The article states that approximately ninety percent of Japan’s domestic solar power plants are small‑to‑medium sized under one megawatt, making them especially vulnerable to maintenance challenges after the FIT term ends, which the 100‑Year Solar Tohoku Project seeks to address.
Q: Which bank entered into a project finance agreement with 100-Year Solar Tohoku LLC, and who holds the position of president at that bank?
A: The Kitanippon Bank, Ltd., headquartered in Morioka, Iwate, signed a project finance agreement with 100‑Year Solar Tohoku LLC, and the bank’s president is Kyoji Ishizuka.