Ark Real Estate Co Ltd (Osaka City), a real-estate company, built a 10.5MW solar power plant in Miyoshi City, Hiroshima Prefecture, Japan, and started operation Nov 27, 2017.
As the demand for residential houses is diminishing, the company launched the solar power generation business to diversify its business.
Ark Real Estate set up 47,828 solar panels on about 27ha of land purchased from Kubota Corp. The mega (large-scale) solar power plant, "Ark Miyoshi Solar Power Plant," is expected to generate about 12,850,000kWh of electricity, which is equivalent to the amount consumed by 2,600 households, per year. The solar panel and PV inverter employed for the plant are products of Kyocera Corp and Toshiba Mitsubishi-Electric Industrial Systems Corp (TMEIC), respectively.
The total project cost is about ¥4.5 billion (approx US$40 million, including land cost). Electricity generated at the plant is sold to The Chugoku Electric Power Co Inc with expected sales of ¥500 million in the first year. Ark Real Estate will also consider entering the fields of wind and biomass power generation.