Member access

4-Traders Homepage  >  Shares  >  Tokyo  >  ORIX CORPORATION    8591   JP3200450009

ORIX CORPORATION (8591)

1
SummaryChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

ORIX CORPORATION : First Japanese Mega-Solar Power Plant on a Former Airport Site

11/27/2012 | 02:53am US/Eastern
Recommend:
0
First Japanese Mega-Solar Power Plant on a Former Airport Site
- ORIX and Kyudenko team up to promote mega-solar power generation in Kyushu -

TOKYO, Japan - November 27, 2012 - ORIX Corporation (TSE: 8591; NYSE: IX), a leading integrated financial services group, and Kyudenko Corporation today announced the joint launch of a large-scale solar power generation (mega-solar) business on the Japanese island of Kyushu, as part of a strategic partnership.

This initial project will see the installation of a mega-solar power plant with maximum output of 8.5 MW on the former site of Makurazaki Airport (Makurazaki City, Kagoshima Prefecture). This project is the first time in Japan that a former airport site has been utilized for a mega-solar power operation.

Makurazaki Airport opened in January 1991 as Japan's first commuter airport. In light of mounting annual budget deficits for the management and operation of the airport, as well as future fiscal policy and the financial burden faced by residents, Makurazaki City decided to shutter the airport at the end of fiscal 2012 and lease the site to a mega-solar operator.

Following the selection for the project, ORIX and Kyudenko have agreed to work jointly to develop the mega-solar power plant. Several local social contribution measures are also slated. These will include using the terminal building as a space for touring the plant, as well as the installation of environmental education facilities to show how solar power works and an astronomical observatory.

Recommend :
0
React to this article
Latest news on ORIX CORPORATION
16h ago ORIX : Japan’s First Mega-Solar Power Plant on a Former Airport Site Start..
1d ago Sports schedule for Tuesday, Sept. 2
1d ago BASEBALL : Pacific League standings
3d ago Sports schedule for Sunday, Aug. 31
4d ago ORIX : to Issue the 180th Unsecured Senior Debt Securities with inter-bond pari ..
4d ago BASEBALL : Pacific League standings
5d ago Sports schedule for Friday, Aug. 29
5d ago ORIX : Japan's orix keen to acquire central bank stake in il&fs
6d ago Sports schedule for Thursday, Aug. 28
6d ago BASEBALL : Pacific League standings
Advertisement
Chart
Duration : Period :
ORIX CORPORATION Technical Analysis Chart | 8591 | JP3200450009 | 4-Traders
Income Statement Evolution
ORIX CORPORATION : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF