External Content

The following content is sourced from external partners. We cannot guarantee that it is suitable for the visually or hearing impaired.

Sept. 2 (Bloomberg) -- Hitachi High-Technologies Corp. and Etrion Corp. will build two solar-power stations in Japan as they embark on a plan to develop 300 megawatts of capacity in the country by 2017.

Construction of a 24.7-megawatt plant in the northern prefecture of Iwate and a 9.3-megawatt station in Ibaraki, northeast of Tokyo, is scheduled to begin this year, the companies said in a statement today.

Hitachi High Tech, based in Tokyo, and Geneva, Switzerland- based Etrion signed an agreement in 2012 to develop solar stations in Japan. They’re targeting 100 megawatts of solar capacity by 2015 and 300 megawatts by 2017, according to the statement.

Sumitomo Mitsui Trust Bank will provide loans for about 80 percent of the cost of the first two stations, according to the statement. Total costs weren’t disclosed.

Etrion is a solar-power developer with projects in Italy and Chile.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Iain Wilson, Andrew Hobbs

Bloomberg