Kyocera and BTMU will each take 40% stakes in the venture, while Takenaka will claim the remaining 20%.
For their first project, the three companies tentatively plan to collaborate on the development of a 3.7MW array in Wakayama prefecture, near Osaka.
They expect to complete construction in late 2015, a Kyocera spokesperson tells Recharge, without revealing additional details.
Japan’s leading construction firms — left reeling by labour shortages and bogged down by a backlog of orders exacerbated by the building frenzy leading up to the 2020 Tokyo Olympics and the drive to rebuild the east coast of Honshu, which was devastated by the 2011 earthquake and tsunami — are struggling to keep up with demand from renewables developers.
