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Tokio Marine, Mitsui to launch $123 million solar fund: report

Wed, 07/06/2011 - 11:26am
Reuters

BANGALORE (Reuters) - Tokio Marine Asset Management Co and Mitsui & Co plan to launch a 10 billion yen ($123.3 million) fund to construct 10 or more large solar power plants across Japan, the Nikkei reported.

Solar is one of the power sources the government of the world's third-largest economy is focusing on after the March earthquake and tsunami shattered Tokyo's nuclear-dependent energy policy.

Mitsui will build, operate and maintain the facilities, which are expected to have an output capacity of 1-2 megawatt (MW), the business daily said.

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