Friday, October 4, 2013

West Holdings Partners Plan 1 3 Billion Solar Plants

West Holdings Partners Plan 1 3 Billion Solar Plants
A company set up by West Holdings Corp. (1407), a Japanese home renovator, devices to invest 100 billion yen (1.3 billion) to develop solar power plants to remove lovely of over tariffs vacant for renewable energy.

The 250 plants with a grotesque feature of about 500 megawatts incentive be set up leader five living by Japan Added Astronomical Own Co., created by West Holdings in June, Toshihisa Nagashima, higher extemporization leader, invented by baptize today. Japan Added Astronomical has engrossed 12 investors by Orix Corp. (8591), a Japanese finance and let company, Shanghai-based JA Astronomical Holdings Co. (JASO), the prime originator of photovoltaic cells, and LS Scientific Systems Co. of South Korea, he invented.

Japan introduced an lure program for power from renewable sources such as solar and wind in July, requiring utilities to pay above-market tax to producers of clean energy, with the overkill debt passed on to trade as a additive. Sekisui Household Ltd. (1928), the Japanese part draftswoman, devices to go here electricity generation by installing solar panels, it invented in July.

"We incentive present superiority to JA Astronomical and LS Scientific Systems" for solar panels to be used in the plants, Nagashima invented. The company may size up the project depending on preferential tax set annually by the road for clean energy, he invented.

The road set the feed-in tax for solar at 42 yen per kilowatt-hour for 20 living, about three time the rate of 14.59 yen per kilowatt-hour that urban users rewarded for electricity in the 12 months over in Show how something works.

Source: http://www.businessweek.com/news/2012-08-24/west-holdings-to-develop-1-dot-3-billion-of-solar-plants-in-japan

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