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Press Release

Establishment of Joint Venture Company for Mega-Solar Business

January 16, 2013
Cosmo Oil Co., Ltd.
Public Relations Office

Cosmo Oil Co., Ltd. (President: Keizo Morikawa), Showa Shell Sekiyu K.K. (President: Jun Arai), Development Bank of Japan Inc. (President: Toru Hashimoto) have reached an agreement to establish a joint venture company for entry into the mega-solar business. Our commitment through this business is to supply clean, safe and sustainable energy.

1.Outline of Joint Venture Company

Company Name CSD Solar (Tentative)
Date of Foundation end-January 2013 (Scheduled)
Generation Capacity Approximately 26,000 kW
Business Description Operation/management of solar power generation facilities and sales of generated power to the general electricity utility companies
Panels to be Used Solar Frontier Panels (Subsidiary of Showa Shell Sekiyu K.K.)

2.Location of Power Generation Business

Former Ohgishima Oil Terminal site (Yokohama, Kanagawa), which was a joint venture company between Cosmo Oil and Toa Oil (Subsidiary of Showa Shell Sekiyu K.K.) and 7 sites formerly used as oil depots by Cosmo Oil. The 7 former depot sites include Hitachi Depot (Hitachi, Ibaraki), Oita Depot (Oita, Oita), Tokushima Depot (Itano, Tokushima), Fukui Depot (Sakai, Fukui) and Taniyama Depot (Kagoshima, Kagoshima)


Spring 2013
Commencement of construction on some of the sites
Late 2013
Commencement of commercial operation on some of the sites with other sites to follow as they become ready

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