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- Mitsui & Co., Ltd.
Corporate Communications Division
Mitsui & Co., Ltd. ("Mitsui") through IPM Eagle LLP owned by Mitsui (30%) and International Power plc (70%) has acquired all the stock of photovoltaic power project companies in Spain from the Spanish engineering and power company, Abantia and Urgesneda, S.L. a Spanish power developer.
The total capacity of the projects will be 1,460KWp including the projects under construction, located in Catalonia in Spain. Based on a long term forecast, the projects utilizing tracking photovoltaic power generation system with high generation efficiency are expected to generate renewable energy sufficient to power the equivalent of 380average households* and avoid up to 950 tons of CO2 emissions per annum.
This is the first operated photovoltaic power projects for Mitsui. Mitsui will take advantage of this operation experience to participate proactively photovoltaic power projects in Europe and the other areas all over the world.
Mitsui is an active participant in the electricity generation sector internationally, with a global net generation capacity of approximately 3,770MW. This project is the first operated photovoltaic power projects for Mitsui. Recognizing the need to deliver solutions to global environmental issues, Mitsui is actively seeking involvement in the development of renewable energy projects such as wind and solar power generation.
* Converted in Japanese households
|Project Company||IPM Eagle Desarrollos Espana, S.L.|
|Ownership||Mitsui & Co., Ltd. 30%
International Power plc 70%
|Type of Business||Construction, operation and maintenance of photovoltaic power plants and wholesale of electricity.|
|Project Site||Catalonia, Spain|
|Generation Capacity||100KWp (operation start in 2006)
1,360KWp (expected operation in Sep 2008)
|Expected Project Life||25 years from commercial operation|
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