August 2 (Solar) – Japanese company Resol Holdinds Co Ltd announced on Tuesday it has broken ground on a 37-MW photovoltaic (PV) plant in Fukushima prefecture.
The PV plant, which is being constructed in the Fukushima Ishikawa Country Club, Ishikawa city, is expected to generate around 39.56 million kWh per year, enough power to meet the annual demand of 10,000 local homes.
Scheduled to come online next summer, this PV facility should be able to offset 12,000 tonnes of carbon dioxide (CO2) per year. Once completed, Resol will sell the plant's output to local utility Tohoku Electric Power Co Inc (TYO:9506), the firm said in its press release.
By the end of fiscal 2017, renewables accounted for about 7% of Resol's electricity usage but with this new plant, the company estimates the rate will jump to over 90%. Resol has a goal to meet its electricity consumption solely with renewables by 2020, it noted.