Sumitomo Mitsui plans 2.8-MW floating solar project in Japan

• Sumitomo Mitsui Construction Co Ltd (TYO:1821) prepares to launch its first off-site business power purchase agreement (PPA) tied to a 2.8-MW floating solar energy system in Osaka Prefecture, Japan.

Neighborhood utility Izumisano Power Company will be the off-taker of all the output, Sumitomo Mitsui has actually introduced.

Located atop 3 farming storage tanks in Izumisano City on the island of Honshu, the solar (PV) system was selected by the city, the tanks' owner, as part of a public phone call and was additionally chosen to obtain a subsidy from the Ministry of Economy, Trade and also Industry.

This is the company's 7th solar power generation project with appointing arranged for June 2023 and a scheduled period of operation of 25 years.

Currently, Sumitomo Mitsui intends to achieve 40 MW of sustainable capacity in 2024 and also 150 MW in 2030.