Initial phase of one of Japan's largest solar power projects being operated by the National Federation of Agricultural Cooperative Associations and Mitsubishi Corporation
KYOTO, June 17, 2013 — Kyocera Corporation (NYSE:KYO)(TOKYO:6971) today announced that it is supplying approximately 30 megawatts (MW) of solar power generating systems to one of the largest solar power projects in Japan which is being implemented by the National Federation of Agricultural Cooperative Associations (herein "Zen-Noh") and Mitsubishi Corporation (herein "Mitsubishi"). Within the project, Kyocera Solar Corporation will be in charge of supplying, engineering, constructing, and maintaining a total of 30 MW of solar power generating systems to be installed at roughly 80 of the Zen-Noh Group's facilities (livestock barns, distribution centers, parking lots, etc.) around the country. The Kyocera order is worth approximately 8.5 billion yen (approx. 89 million US dollars*1), and comprises the initial phase of the project*2.
Aiming for the reinvigoration of the agricultural sector and local farming towns, as well as the further spread of renewable energy use, Zen-Noh and Mitsubishi are planning to build one of the country's largest scale solar power projects by installing a total of 200 MW of solar power generating systems on farmers' and Zen-Noh Group's facilities nationwide by the end of FY2015. The two companies have established JAMC Solar Energy Company to operate the solar power project, and will sell the power generated from the installations to the regional utility power companies under Japan's feed-in tariff program.
Kyocera first began research into solar energy in 1975, and has expanded its solar energy-related business to include not only the production and supply of solar modules, but also installation, construction, and even operation of large-scale solar power plants in Japan along with a number of other Kyocera Group companies.
Kyocera was awarded this contract based on the high-quality of its multicrystalline silicon solar modules, and the Kyocera Group's comprehensive strength and engineering technology to install a large number of solar power generating systems in a short period of time on a wide range of agricultural facilities with diverse roof shapes. Through the provision of this large scale project, the Kyocera Group aims to promote the further use of renewable energy and to contribute to local communities and human society.
Kyocera Corporation (NYSE:KYO)(TOKYO:6971) (http://global.kyocera.com/), the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of fine ceramics (also known as "advanced ceramics"). By combining these engineered materials with metals and integrating them with other technologies, Kyocera has become a leading supplier of solar power generating systems, mobile phones, printers, copiers, electronic components, semiconductor packages, cutting tools and industrial ceramics. During the year ended March 31, 2013, the company's net sales totaled 1.28 trillion yen (approx. USD13.6 billion). The company is ranked #492 on Forbes magazine's 2013 "Global 2000" listing of the world's largest publicly traded companies.