TOKYO, June 20 Toshiba Corp said on
Wednesday it will begin building solar plants with a total
generating capacity of 100 megawatts on the country's
disaster-hit northeastern coastline, making it the biggest solar
project in Japan.
Electronics conglomerate Toshiba, which makes everything
from lightbulbs to nuclear reactors, said it will spend around
30 billion yen ($379.6 million) t o build several large-scale
solar plants in Minami Soma more than a year after a devastating
earthquake and tsunami hit Japan.
The project overtakes an earlier plan by Kyocera Corp
, heavy machinery maker IHI Corp and Mizuho
Corporate Bank, which said it will launch a 70-megawatt
plant in southern Japan.
Toshiba said it will start building the plants this year and
aim to start operations in 2014.
Residents of Minami Soma, located just 25 km (16 miles) from
the crippled Fukushima nuclear plant, were forced to flee their
homes last year after a part of the city was deemed a no-gone
zone by the government in the wake of the world's worst atomic
disaster in 25 years.
The company's announcement comes after the Japanese
government approved new incentives for renewable energy through
an introduction of feed-in tariffs (FIT) this week, which is
expected to unleash billions of dollars in clean-energy
($1 = 79.0300 Japanese yen)
(Reporting by Mari Saito and Risa Maeda; Editing by Jeremy