Japanese companies, Mitsui Chemicals Inc, Mitsui & Co and Toshiba Corporation have announced plans for the contruction of the country’s largest solar plant with a 50 MW output.

The project is in anticipation of the passage of a bill that will require utilities to purchase electricity from renewable sources at fixed rates, the paper said.

The Nikkei business daily said the plant – which is also to include a 6000 KW wind farm – will be built in Aichi Prefecture on 800 000m³ of Mitsui Chemicals land.

Mitsui and Toshiba intend to sell the power produced to Chubu Electric Power Company, which has also been asked to participate in the project.

The government-backed Development Bank of Japan is to provide a low-interest loan to cover about 90 per cent of the project’s estimated JPY20bn ($262.3m) cost, the business daily added.

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