Construction will wrap up on 14 hectares of unused farmland in the village of Iitate, Fukushima prefecture, in March 2016, a spokesperson for the Tokyo-based electrical contractor tells Recharge.
Iitate was evacuated in April 2011, in the wake of the meltdown at the Fukushima Daiichi nuclear power plant. The area remains uninhabited, the Toko Electrical spokesperson said.
Regional lender Toho Bank has arranged a ¥4.07bn ($34.4m) syndicated loan for the project.
Toko Electrical has also invested ¥50m, while the local authorities have contributed an additional ¥40m.
Toko Electrical will handle EPC duties, while Mitsubishi Electric will supply the PV modules, according to The Nikkei newspaper.
Once completed, the electricity from the plant will be sold to regional utility Tohoku Electric Power. Some of the revenue from the project will be used to support the reconstruction of the area.
The Toko Electrical spokesperson acknowledged that radiation levels are high in the Iitate area, but said that conditions remain safe enough for workers to build the project.
A long stretch of the Fukushima coastline — extending from just south of the city of Minamisoma to the area north of the city of Iwaki — remains uninhabited due to high radiation levels at the crippled Fukushima Daiichi nuclear plant.
A number of companies have built or are currently developing PV projects on tainted, unused land throughout the region, but Toko Electrical’s installation will be one of the biggest solar plants in the area.