Japan’s Renova delays commercial operation of 75-MW biomass power plant

Japanese renewable power producer Renova Inc (TYO:9519) announced last week it has postponed the launch of commercial operation of the 74.8-MW Tokushima-Tsuda biomass-fired power plant to May 2023.

Located in Tokushima prefecture on Japan’s Shikoku island, the plant is undergoing a trial operation. Initially, it was supposed to start commercial operation in March 2023, but due to inspections of the equipment, the company decided to delay it to the middle of May.

Tokushima-Tsuda uses wood pellets and palm kernel shells (PKS) as a fuel source and has a 20-year feed-in tariff (FiT) to sell its output, Renova said.

The facility is expected to generate about 500 million kWh of power which would be enough to meet the annual consumption of about 150,000 households.

According to a previous statement, Renova is the largest shareholder in the project with a stake of 36.10% followed by Osaka Gas Co Ltd with a 33.50% interest. The other five investors are NEC Capital Solutions Ltd and Mitsubishi Electric Credit Corporation, each with a 12.35% stake, as well as Genboku Co Ltd, Dairi Lumber Co Ltd and Tokushima Denki Sangyo Co Ltd, with 1.90% each.

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