November 30 (Renewables Now) - Japanese renewables developer Renova Inc announced on Thursday it is breaking ground on a 75-MW biomass power generation plant in Fukuoka prefecture.
Renova developed this facility and has a 43.1% stake, while Sumitomo Forestry Co Ltd (TYO:1911) holds a 41.5% interest. The other investors are Veolia Japan KK with 10%, Kyuden Mirai Energy Co Inc with 5% and Mihara Group KK with 0.4%.
The Kanda Biomass Power Station, as it is named, is being built in Kanda town and will use wood pellets, palm kernel shells (PKS) and unused thinned wood as a fuel source, Renova stated in its press release.
Scheduled to commence commercial operations in June 2021, the biomass facility is expected to have an annual power generation of about 500 million kWh, enough to meet the annual energy consumption of approximately 168,000 households, the company noted.