OSAKA Nikkei–Osaka Gas Co. 9532 and U.S. firm SunEdison plan to get involved in the construction of large solar power plants in Japan, highlighting the strong interest in this growing field as the country promotes renewable energy with various policy incentives.

Companies are investing on the view that the market is set to expand in line with the July launch of a program that will require utilities to buy all the power generated from renewable energy at set prices.

SunEdison is a subsidiary of major silicon wafer manufacturer MEMC. It has a track record of building more than 390 solar power plants worldwide, including in the U.S. and Europe.

Canadian Solar Inc. will build and operate megasolar plants in Japan. The Canadian company hopes to construct four or five facilities this year, each with an output of 500kw to 2,000kw. It will sell some of the power generated. This would be the first time that a major solar cell manufacturer from overseas generates electricity in Japan.

(The Nikkei Feb. 25 morning edition)

via 2012/02/25 06:29 – Osaka Gas, SunEdison Jump On Megasolar Bandwagon.