TOKYO, Japan - June 25, 2014 - ORIX Corporation (TSE: 8591; NYSE: IX), a leading integrated financial services group today announced that it will construct a large-scale solar power plant (mega-solar) with a maximum output of 8.7 MW (8,697 kW) in Yokkaichi City, Mie Prefecture.
Planned location to install solar panels
Lot 1319 and other, Komatsugaya Nishisakabecho, Yokkaichi City, Mie Prefecture
Power generation capacity
8,697 kW (planned)
Approx. 127,920 m2
Number of installed panels
Projected annual power generation
(first fiscal year)
9,671,260 kWh (planned) Equivalent to the annual power consumption of approx. 2,690 households*
Start of construction
Start of operations
November 2015 (planned)
* 1 Calculation based on consumption of 3,600 kWh a year per household
Source: Electricity Statistics Information, The Federation of Electric Power Companies of Japan
ORIX is engaged in wide-ranging energy-related businesses. Its power generation business uses renewable energy such as solar power, geothermal energy and woodchip biomass. Other businesses include a solar power generation systems sales business, an electric power trading business, energy-conservation service businesses such as ESCO (Energy Service Company), a bulk electric power purchasing business for condominiums, and a storage battery rental service business. Going forward, ORIX aims to provide new added value to customers while continuing to actively expand its renewable energy and other energy-related businesses. * Reference: Press release dated April 7, 2014: http://www.orix.co.jp/grp/en/news/2014/140407_ORIXE.html "ORIX Begins Developing Solar Power Generation Projects Totaling 425 MW"
ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group which provides innovative products and services to its customers by constantly pursuing new businesses. Established in 1964, from its start in the leasing business, ORIX has advanced into neighboring fields and at present has expanded into lending, investment, life insurance, banking, asset management, automobile related, real estate and environment and energy related businesses. Since entering Hong Kong in 1971, ORIX has spread its businesses globally by establishing locations in 35 countries and regions across the world. ORIX celebrates its 50th anniversary in 2014 and moving forward it aims to contribute to society while continuing to capture new business opportunities and sustain growth by promoting acceleration of its corporate strategy “Finance + Services.” For more details, please visit our website: http://www.orix.co.jp/grp/en/
These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under "Risk Factors" in the Company's annual report on Form 20-F filed with the United States Securities and Exchange Commission and under "4. Risk Factors" of the "Summary of Consolidated Financial Results" of the "Consolidated Financial Results April 1, 2013 - March 31, 2014."