Cosmo Oil Co., Ltd. (President: Keizo Morikawa), Showa Shell Sekiyu K.K. (President: Jun Arai), Development Bank of Japan Inc. (President: Toru Hashimoto) have reached an agreement to establish a joint venture company for entry into the mega-solar business. Our commitment through this business is to supply clean, safe and sustainable energy.
1.Outline of Joint Venture Company
| Company Name | CSD Solar (Tentative) |
|---|---|
| Date of Foundation | end-January 2013 (Scheduled) |
| Generation Capacity | Approximately 26,000 kW |
| Business Description | Operation/management of solar power generation facilities and sales of generated power to the general electricity utility companies |
| Panels to be Used | Solar Frontier Panels (Subsidiary of Showa Shell Sekiyu K.K.) |
2.Location of Power Generation Business
Former Ohgishima Oil Terminal site (Yokohama, Kanagawa), which was a joint venture company between Cosmo Oil and Toa Oil (Subsidiary of Showa Shell Sekiyu K.K.) and 7 sites formerly used as oil depots by Cosmo Oil. The 7 former depot sites include Hitachi Depot (Hitachi, Ibaraki), Oita Depot (Oita, Oita), Tokushima Depot (Itano, Tokushima), Fukui Depot (Sakai, Fukui) and Taniyama Depot (Kagoshima, Kagoshima)
3.Timeframe
- Spring 2013
- Commencement of construction on some of the sites
- Late 2013
- Commencement of commercial operation on some of the sites with other sites to follow as they become ready
