Sumitomo Mitsui obtains govt approval for 1.6-MW floating solar project in Japan

• Sumitomo Mitsui Construction Co Ltd (TYO:1821) revealed on Thursday it has actually gotten the go-ahead from Japan's Ministry of Economy, Trade and Industry for a 1.6-MW floating solar power plant in Hyogo prefecture of the nation's main island Honshu.

To be built on an agricultural tank in Kato City, the photovoltaic or pv (PV) project is the business's initial floating solar power generation plant in Hyogo.

Construction is scheduled to commence in July 2023, while commissioning is prepared for February 2024, with a scheduled duration of procedure of 20 years.

Presently, Sumitomo Mitsui operates five solar energy plants-- two on land and 3 on water. Under its growth approach, the firm aims to achieve 40 MW of renewable capacity in 2024 as well as 150 MW in 2030.