November 26 (Renewables Now) - Japanese renewable energy firm SB Energy Corp announced today it will build, together with Marubeni Corp (TYO:8002) and Chubu Electric Power Co Inc (TYO:9502), a 50-MW biomass power plant in Aichi prefecture.
The Aichi Gamagori Biomass Power Plant will be based in Gamagori city. It will use wood pellets and palm coconut shells as fuel, the unit of Japanese conglomerate SoftBank Group Corp (TYO:9984) said.
Construction is scheduled to start in April 2021 and operation is planned to commence in August 2023. Aichi Gamagori would generate some 340 million kWh of clean energy per year, enough to meet the demand of 110,000 local homes.
Currently, the scheme is being developed through Aichi Gamagori Biomass Power Generation LLC, a joint venture (JV) formed between the three project partners. Chubu and Marubeni each control 48.5%, with SB holding the remaining 3%.