Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTEnviva, J-Power agree on biomass supply for coal-fired plants in Japan
Wood pellets. Author: U.S. Department of Agriculture. License: Creative Commons, Attribution 2.0 Generic
November 17 (Renewables Now) - US wood pellets supplier Enviva Partners LP (NYSE: EVA) yesterday announced a partnership with Electric Power Development Co (TYO:9513), operating as J-Power, for the supply of wood biomass for the Japanese company's coal-fired power plants in Japan.
Under a memorandum of understanding (MoU) between the two companies, they will work to design a plan for Enviva to build new infrastructure to produce and deliver up to 5 million metric tonnes of sustainable wood pellets to permanently replace coal in J-Power’s existing facilities.
J-Power's coal-fired power capacity amounts to 8.4 GW. Together with Enviva, the company will work to re-purpose the facilities into both dedicated and co-fired biomass plants. The planned conversion of existing coal-fired power plants to biomass facilities will reduce greenhouse gas emissions by over 80% for each site.
The MoU is part of J-Power's plan to become carbon-neutral by 2050.
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