News Release
Work Begins on Rooftop Solar Power Generation Systems with 2.7 MW Combined Maximum Output at Two Large Supercenters
-PLANT Otama Store, Fukushima Prefecture, and PLANT Sakaiminato Store, Tottori Prefecture-
Sep 18, 2013
TOKYO, Japan - September 18, 2013 - ORIX Corporation (TSE: 8591; NYSE: IX), a leading integrated financial services group, announced today it will rent the roofs of two large commercial facilities operated by PLANT Co., Ltd. to develop a solar power generation business with a maximum output of 2,741 kW (2.7 MW).
PLANT is a Hokuriku-based retailer with 21 general discount stores handling daily necessities such as food and clothing. PLANT agreed to this initiative because its large stores have strong, flat roofs that are suited for the solar power generation business, and out of consideration for the environment as the undertaking will promote renewable energy.
Rooftop solar power generation is a business in which ORIX rents the roofs of factories, warehouses and other facilities owned by customers and generates electricity from solar power generation systems installed on them. ORIX will achieve efficient power generation by not just conducting large-scale solar power generation (mega-solar) on idle land leased from local governments and companies, but by also taking full advantage of customer-owned facilities. For their part, in addition to being able to use their assets effectively, customers are able to improve the efficiency of internal air conditioning at their facilities due to the heat-shielding effect of the solar panels.
ORIX is aiming to develop a mega-solar power generation business, which installs solar power generation systems on leased land, with a combined maximum output of 300 MW in 3 years from the fiscal year ended March 31, 2013. Over the same period, in its rooftop rental solar power generation business, ORIX aims to install systems with a combined maximum output of 100 MW.
*Reference: Press release dated June 28, 2013:
http://www.orix.co.jp/grp/en/news/2013/130628_ORIXE.html
"ORIX to Develop Mega-Solar and Rooftop Solar Power Generation Businesses at 77 Sites Across Japan with Combined Maximum Output of 170 MW"
| PLANT-5 Otama Store | PLANT-5 Sakaiminato Store | |
|---|---|---|
| Location | 271 Nakae, Oyama, Otama-mura, Adachi-gun, Fukushima Prefecture | 276 Takeuchi-danchi, Sakaiminato-shi, Tottori Prefecture |
| Power generation capacity (module capacity) |
1,657 kW (planned) | 1,084kW(planned) |
| Installation area | 20,179m2 | 19,350m2 |
| Number of installed panels | 7,532 (planned) | 4,424(planned) |
| Projected annual power generation (First fiscal year) |
1,513,000 kWh (planned) Equivalent to the annual power consumption of approximately 420 households* |
1,118,000 kWh (planned) Equivalent to the annual power consumption of approximately 310 households* |
| Start of construction | September 2013 | September 2013 |
| Start of operations | March 2014 (planned) | January 2014 (planned) |
(*) 1 Calculation based on consumption of 3,600 kWh a year per household
Source: Electricity Statistics Information, The Federation of Electric Power Companies of Japan
Contact Information
ORIX Corporation, Corporate Planning Department
TEL : +81-3-3435-3121 / Fax : +81-3-3435-3154
URL : http://www.orix.co.jp/grp/en/
About ORIX
ORIX Corporation (TSE: 8591; NYSE: IX) is an integrated financial services group based in Tokyo, Japan, providing innovative value-added products and services to both corporate and retail customers. With operations in 34 countries and regions outside of Japan, ORIX's activities include corporate financial services, such as leases and loans, as well as automobile operations, rental operations, real estate, life insurance, banking and loan servicing. For more details, please visit our website: http://www.orix.co.jp/grp/en/
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These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under “Risk Factors” in the Company’s annual report on Form 20-F filed with the United States Securities and Exchange Commission and under “4. Risk Factors” of the “Summary of Consolidated Financial Results” of the “Consolidated Financial Results April 1, 2012– March 31, 2013.” |
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