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Japanese Solar Power Station to Go on Sale on Yahoo Auction Site

Japanese Solar Power Station to Go on Sale on Yahoo Auction Site

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A solar power station will be put up for auction in Japan on an Internet site hosted by Yahoo Japan Corp. The 500-kilowatt plant, owned by West Energy Solution Inc., is under construction in Hiroshima prefecture and will start to operate in November, Kenji Araki, a spokesman for West Holdings Corp., which owns West Energy, said by phone Wednesday.

“This is the first time in Japan that a solar power plant will be offered in an Internet auction,” West Holdings and Yahoo Japan said in a statement Wednesday. The companies plan to hold similar auctions regularly, according to the statement.The auction will be held on Yahoo Japan’s members-only site with selected bidders between Feb. 12 and 19 with a starting price of 161 million yen ($1.3 million), according to the statement.

Source:Bloomberg

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Anand Gupta Editor - EQ Int'l Media Network

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