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Mitsui & Co., Ltd. ("Mitsui," Head Office: Tokyo, President and CEO Masami Iijima) has, with the assent and cooperation of Higashimatsushima City, Miyagi Prefecture, reached agreement on the transfer of assets, including a large-scale solar power facility ("Mega Solar Facility") and carports equipped with rooftop solar power systems (Carport Systems), to The Trans Value Trust Company, Limited ("Trans Value Trust," Head Office: Tokyo, President: Koji Sugitani).
Mitsui has been involved in the launch of this solar power project as part of its contribution to recovery efforts in Higashimatsushima City, Miyagi Prefecture through business activities since the Great East Japan Earthquake of March 11, 2011. The business is now operating successfully, and the assets will therefore be transferred to Trans Value Trust, which will form a civil fund based on participation by residents and companies in Higashimatsushima City, with the aim of supporting recovery from a longer-term perspective through the return of gains to the business community and people of that city. The Mega Solar Facility and the Carport Systems will continue to be operated by Mitsui & Co. Plant Systems, Ltd. (Head Office: Tokyo, President: Naosuke Senzaki) and Mitsui & Co. Facilities Ltd. (Head Office: Tokyo, President: Toshiya Matsuda).
|Project name||Higashimatsushima City Solar Power Project (Okumatsushima Kizuna Solar Park, Higashimatsushima Kizuna Carport Facilities)|
|Module capacity||Total: 3,851kW|
|Location||Mega Solar Facility: Site of former Okumatsushima Park (Nobiru district of Higashimatsushima City)
Carport Facilities: Three public parking lots in central Higashimatsushima City
|Start of operations||Mega Solar Facility: August 2013, Carport Facilities: March 2013|
|Project period||20 years from start of operations|
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.