November 27 (Renewables Now) - Japan’s Toshiba Corp (TYO:6502) will pour around JPY 20 billion (USD 176.1m/EUR 155.4m) in a biomass power plant in Fukuoka prefecture amid plans to grow its renewables footprint.
The planned biomass facility will be constructed by Toshiba Energy Systems & Solutions Corp’s subsidiary Sigma Power Ariake Corp, which will also be the plant’s operator following completion. Construction works at the site in the city of Omuta are scheduled to begin next autumn with the aim of bringing the plant online in the spring of 2022, the company said on Tuesday.
Toshiba said it was working to increase the penetration of its renewable business in the market. It wants to build its integrated aggregator service business and to provide stability in the energy system by optimising multiple energy sources, such as renewable energy and battery storage, relying on control technology like in a virtual power plant.
Toshiba noted that the proposed biomass capacity investment will not affect its forecast for the current fiscal year, ending March 31, 2019.
(JPY 100 = USD 0.880/EUR 0.777)