June 13 The Nippon Telegraph and Telephone Corp
will construct megasolar farms on idle sites and sell
the output to utilities, Japanese business daily Nikkei
The group will invest around 15 billion yen to build about
20 megasolar facilities by the end of fiscal 2014 with an
aggregate output capacity of 60,000 kw, the newspaper said.
The foray into the solar power business will be spearheaded
by the group's solar power system manufacturing subsidiary, NTT
Facilities Inc, to cash in on a supply crunch created by the
closure of various nuclear power plants, Nikkei reported.
Through NTT Facilities, the group has already taken a stake
in Ennet Corp., Japan's leading independent power producer and
supplier, the paper said.
Initially six megasolar farms will be set up by January 2013
with an output capacity of around 11,000 kw.