- Press Releases
August 4 (Renewables Now) - Japanese renewable power producer Renova Inc (TYO:9519) has signed a power purchase agreement (PPA) to deliver around 13 MW direct current (DC) from new solar plants directly to local natural gas utility Tokyo Gas Co Ltd (TYO:9531).
Under the PPA, Renova’s wholly-owned subsidiary First Solar Power GK will supply solar energy for a 20-year period, the renewable company announced on Wednesday.
Part of Tokyo Gas’ Renewable Energy Supply and Demand Coordination Service, the agreement covers new solar projects that will not benefit from the country’s feed-in-tariff (FiT) scheme but instead from the feed-in-premium (FiP) programme.
Tokyo Gas said it will deliver the contracted power to its environmentally conscious customers.