Sharp Tomatoh no Mori Solar Power Station to Begin Operation
Dec 24, 2015
TOKYO, Japan - December 24, 2015 - ORIX Corporation ("ORIX"), a leading integrated financial services group, today announced that Tomakomai Solar Energy LLC, ORIX's joint venture with Sharp Corporation, will begin operating the Sharp Tomatoh no Mori Solar Power Station in Tomakomai City, Hokkaido, on January 1, 2016.
The power station has an installed capacity of about 45.6 MW-dc1 . Estimated yearly output will be about 51,000 MWh, enough to power approximately 14,100 ordinary households2 with typical yearly electricity consumption.
ORIX and Sharp will operate the solar power station with the aim of expanding the use of renewable energy.
|Name||Sharp Tomatoh no Mori Solar Power Station|
|Operating company||Tomakomai Solar Energy LLC
(investment ratio: ORIX 70%; Sharp 30%)
|Location of power station||Kashiwabara, Tomakomai City, Hokkaido|
|Site area||Approx. 1.415 km2|
|Output scale (module capacity)||Approx. 45.6 MW-dc|
|Estimated yearly output||Approx. 51,000 MWh (enough to power approx. 14,100 ordinary households)|
|Start of operations||January 1, 2016|
1 MW-dc: megawatts in direct current form
2 The ordinary household is calculated to consume 3,600 kWh per year. Source: Electric Power Facts , Federation of Electric Power Companies of Japan
■ Sharp Tomatoh no Mori Solar Power Station
Corporate Planning Department
ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group which provides innovative products and services to its customers by constantly pursuing new businesses. Established in 1964, from its start in the leasing business, ORIX has advanced into neighboring fields and at present has expanded into the lending, investment, life insurance, banking, asset management, automobile-related, real estate and environment and energy-related businesses. Since its first overseas expansion into Hong Kong in 1971, ORIX has spread its business globally by establishing locations in a total of 36 countries and regions across the world. Moving forward, ORIX aims to contribute to society while continuing to capture new business opportunities. For more details, please visit our website: http://www.orix.co.jp/grp/en/
Caution Concerning Forward Looking Statements:
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, 2014 - March 31, 2015."
- View PDF of this release