Japan’s Renova delays industrial operation of 75-MW biomass energy plant

Japanese renewable energy producer Renova Inc (TYO:9519) introduced final week it has postponed the launch of economic operation of the 74.8-MW Tokushima-Tsuda biomass-fired energy plant to Could 2023.

Positioned in Tokushima prefecture on Japan’s Shikoku island, the plant is present process a trial operation. Initially, it was supposed to begin industrial operation in March 2023, however attributable to inspections of the gear, the corporate determined to delay it to the center of Could.

Tokushima-Tsuda makes use of wooden pellets and palm kernel shells (PKS) as a gas supply and has a 20-year feed-in tariff (FiT) to promote its output, Renova stated.

The power is predicted to generate about 500 million kWh of energy which might be sufficient to satisfy the annual consumption of about 150,000 households.

In keeping with a earlier assertion, Renova is the biggest shareholder within the venture with a stake of 36.10% adopted by Osaka Fuel Co Ltd with a 33.50% curiosity. The opposite 5 traders are NEC Capital Options Ltd and Mitsubishi Electrical Credit score Company, every with a 12.35% stake, in addition to Genboku Co Ltd, Dairi Lumber Co Ltd and Tokushima Denki Sangyo Co Ltd, with 1.90% every.

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