Japanese firms to build massive solar power project in Canada
When completed, the solar project will have a combined output capacity of over 100,000 kilowatts.
The project in eastern Ontario, Canada will be one of the largest in the world for solar power generation. It will be jointly undertaken by Osaka Gas Company, Mitsubishi Corporation and Sharp Corporation. Japanese investments in the project are expected to hit US$445 million.
To be built will be nine plants with a combined total annual electricity generation estimated at 110 million kWh, equivalent to the power consumption of some 10,000 households. The project will sell electricity to Ontario Power Authority at C$0.443 per kilowatt hour under a 20-year contract.
The three firms have already established a joint venture company that is owned 44.95% each by Osaka Gas and Mitsubishi, with the rest by owned by electronics giant Sharp.