Kyocera (NYSE:KYO) has announced it will supply 30 megawatts of solar power to agricultural facilities in Japan. The deal $89 million deal includes the supply, engineering, construction and maintenance of new solar power systems at roughly 80 facilities around the country.
The goal of the project, implemented by the National Federation of Agriculture Cooperative Associations (Zen-Noh) and the Mitsubishi Corporation is to give a boost to the country's agriculture industry and increase renewable energy use among local farming towns.
There are nearly 1.5 million farmers in Japan and Zen-Noh and Mitsubishi hope to install a total of 200 MW of solar generating systems on farmers’ and Zen-Noh Group’s facilities nationwide by the end of FY2015.
Kyocera and Mitsubishi 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.