Bloomberg News

Cosmo Oil, Showa Shell to Form Venture to Operate Solar Plants

January 16, 2013

Cosmo Oil Co. (5007), Showa Shell Sekiyu K.K. (5002) and Development Bank of Japan Inc. agreed to form a venture to build and operate solar power plants in Japan.

The companies plan to construct eight solar stations with a total capacity of 26 megawatts, they said in a statement today. The sites for the power plants will mostly be former Cosmo Oil depots.

Solar Frontier K.K., a unit of Showa Shell, will provide solar panels for the projects, according to the statement.

Showa Shell and DBJ announced on Jan. 10 that they will set up a venture to finance utility-scale solar power plants in Japan.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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