Fuji Electric Enters Photovoltaic Power Generation Business
Fuji Electric, Japan: Fuji Electric Co., Ltd. announced that it would start a photovoltaic power generation business with the construction of a mega solar power generation plant on the grounds of one of its factories. Since Japan launched a feed-in tariff fixed purchase price system for renewable energy sources in July of this year, demand for solar power and other renewable energies has risen rapidly in the country. Fuji Electric has set a management policy of expanding its energy-related businesses, and accordingly, has expanded its business in the mega solar power generation market, particularly with high-efficiency power electronics equipment such as power conditioners. Now Fuji Electric has decided to enter a photovoltaic power generation business. Fuji Electric is utilizing its latest power electronics products to construct a new mega solar power generation plant. With a view to improving its technological capabilities, the Company will make use of the facility to assess the technological basis and quality of its products and verify its equipment installation and construction techniques. Through this business, Fuji Electric will expand its engineering, procurement and construction (EPC) business by utilizing the facility to strengthen its engineering capabilities. (Source: http://www.fujielectric.com/company/news/2012/20121203000004666.html)