Itochu to Build Solar Farms in Eastern Europe, Nikkei Reports
By Joi Preciphs, May 29, 2008
Source: Bloomberg.com
http://www.bloomberg.com/apps/news?pid=20601101&sid=azMxlriXcviY&refer=japan
Itochu Corp. plans to spend at least 110 billion yen ($1.05 billion) to develop solar farms in the Czech Republic and other Eastern European countries, building on those governments’ efforts to broaden access to clean energy projects, Nikkei English News reported, without citing anyone. The Osaka-based company will build two or three solar parks in the Czech Republic this year at an estimated total cost of 10 billion yen, the news service said. The facilities will be able to generate a combined 10 megawatts of power, Nikkei said. The rest of Itochu’s investment will be used to build a solar farm in Bulgaria by 2010, Nikkei said. Officials expect the facility to generate 100 megawatts, which would be enough to supply 25,000 households in Japan.