Japan's ITOCHU Corporation Plans To Invest 110 Billion Yen The Development Of Solar Energy

Japan's ITOCHU Corporation plans to invest 110 billion yen (1.05 billion U.S. dollars) investment in solar energy industry in Europe. ITOCHU Corporation and Norway will cooperate in the scheme Scatec AS in the Czech Republic this year 10 billion yen investment in the construction of solar energy park. The plan will begin next month. The company also plans in 2010 in Bulgaria investment 100 billion yen to build a power generation capacity of 100 MW solar park, which is expected to become the world's largest solar energy one of the park.

Source: 国际能源网 May. 29, 2008