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Atlanta business picks solar panels for rebuilding project in Japan | Solar Energy USA Blog Archive

Atlanta business picks solar panels for rebuilding project in Japan

Posted on Tuesday, July 19th, 2011 at 3:18 pm by Solar Energy USA

We are proud to see a local Atlanta business (and a massive on at that) including  solar panels in their pledge to help rebuild Japanese schools.

Atlanta solar news borrowed from EcoSeed:

The Coca-Cola Japan Reconstruction Fund will allocate 1.5 billion yen (over $18.9 million) to rebuild earthquake and tsunami-damaged schools in Japan as new solar-powered structures.

The fund, which assists in the reconstruction of the disaster areas suffering from the effects of the 9.0 magnitude tremor that hit Japan in March 2011, will give the rebuilding grant to public elementary and junior high schools.

The solar panels will be installed on the schools under a plan to integrate renewable energy in the country’s rehabilitation. The rebuilding program will be implemented with the support of Japan’s Ministry of Education, Culture, Sports, Science and Technology.

Funding for the school reconstruction will be extracted from the overall 2.5 billion yen fund collected for the reconstruction of the affected areas.

Choosing the eligible schools and timing for the contributions will be consulted by Coca-Cola with the ministry, local governments, and other organizational bodies.

Coca-Cola in Japan has been working to reduce energy consumption and introduce renewable energy in business practices. The Japan subsidiary has previously introduced solar-powered “ecoru/Solar” vending machines, and transportation and distribution vehicles that use biodiesel as fuel.

The Coca-Cola Japan Reconstruction Fund was established under the Coca-Cola Educational & Environmental Foundation, by Georgia-based The Coca-Cola Company, parent company of Coca-Cola (Japan) Co., Ltd.

According to Coca-Cola’s first quarter global financial report for 2011, the company’s earnings for every share were reduced by 1 cent due to lost revenue in Japan, following the earthquake.

Japan’s Cabinet Office estimated last June that damage on the country’s buildings, roads, and ports has reached 16.9 trillion yen, Reuters reported.

Meanwhile, the World Bank estimated that damage could amount to as much as $235 billion, while rebuilding could take up to five years.