For inquiries on this matter, please contact
- Mitsui & Co., Ltd.
Corporate Communications Division
Telephone: +81-80-5912-0321
Facsimile: +81-3-3285-9819 - Contact form
Main Contents
Mitsui & Co., Ltd. ("Mitsui," head office: Chiyoda-ku, Tokyo, President and CEO: Masami Iijima) and SB Energy Corporation ("SB Energy," head office: Minato-ku, Tokyo, President and Representative Director: Masayoshi Son), a member of the SoftBank Group, have reached an agreement with Green Power Investment Corporation ("Green Power Investment," head office: Minato-ku, Tokyo, President and Representative Director: Toshio Hori) concerning investment in Wind Farm Hamada, a wind power facility that is currently under development in Hamada City, Shimane Prefecture. After construction of the wind farm, the facility will be jointly operated by the three companies.
A total of 29 wind turbines with a capacity of 1,670 kW per turbine will be installed at Wind Farm Hamada, providing a total capacity of 48,430 kW (approximately 48 MW). The turbines will be located in the Kanagi-cho and Yasaka-cho districts of Hamada City, Shimane Prefecture. The projected yearly output is 85 million kWh. Wind Farm Hamada will be jointly operated with Green Power Investment, Mitsui and SB Energy. Construction will commence in June 2013, and the facility is expected to become operational in fiscal year ending March 2016. The companies will also contribute to the local communities through this project, since roads built for the construction and maintenance of the wind farm will also be utilized by local afforestation business operators.
Wind Farm Hamada will be the first wind power project undertaken by SB Energy. Mitsui has already invested in wind farm projects not only in Japan, but also in Canada, Mexico, Poland, the United States and other countries.
Mitsui, SB Energy and Green Power Investment aim to expand the use of renewable energy by building and operating wind farms and other renewable energy facilities.
Profile of Wind Farm Hamada
| Location | Kanagi-cho and Yasaka-cho, Hamada City, Shimane Prefecture |
|---|---|
| Wind farm capacity | 48,430 kW (approx. 48 MW), 1,670 kW x 29 units |
| Projected yearly output (first year) | Approx. 85 million kWh/year Equivalent to the annual power consumption of approx. 23,600 ordinary households (calculated at 3,600 kWh/year per household) |
| Start of operation | During fiscal year ending March 2016 (estimated) |
An Image of Wind Farm Hamada
· The names and logos of SoftBank are registered trademarks or trademarks of SoftBank Corporation in Japan and other countries.
· Other names of companies, products and services in this press release are registered trademarks or trademarks of the companies concerned.
Notice:
This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements.
This announcement is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.