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MEMC says has no firm plans for Japan solar projects

Tue, 01/17/2012 - 11:23am
Reuters

(Reuters) - MEMC Electronic Materials Inc said on Tuesday it has not firmed up plans to build solar power plants in Japan because the government there has yet to determine a key solar subsidy.

The company's statement appeared to contradict comments by its unit SunEdison, which said earlier in the week that it would build 1,000 megawatts of solar power plants in Japan at a price tag of about $4.6 billion.

The company added that because feed-in tariff rates have not yet been set by the Japanese government, "neither project pricing nor project costs can be known at this time."

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