Press Release

Press Release

Construction started on "Wind Farm Toyotomi" Promotion~Promotion of Onshore Wind Power Generation Project in Toyotomi-cho, Teshio-gun, Hokkaido~

June 13, 2022
Looop Inc.
Chubu Electric Power Co.,Inc.

Toyotomi Wind Energy LLC ("the project company"), a joint venture between Looop Inc. (Head Office: Taito-ku, Tokyo; President & Representative Director: Soichiro Nakamura; "Looop") and Chubu Electric Power Co., Inc. (Head Office: Higashi-ku, Nagoya; President & Director: Kingo Hayashi; "Chubu Electric Power"), has today begun construction of Wind Farm Toyotomi ("the power plant").

The power plant is a 30,000kW onshore wind power plant to be constructed in Toyotomi-cho Teshio-gun, Hokkaido, and is scheduled to start operation in April 2024.

Looop's vision is to create a "Free-Energy Society". In April 2022, the company announced "Renewable Electricity Declaration" and expressed the commitment to promote renewable energy in order to increase Japan's energy self-sufficiency and reduce its costs. The construction of this power plant is positioned as one of the key projects in Looop's roadmap for promoting renewable energy.

The Chubu Electric Power Group is aggressively developing renewable energy throughout Japan with the goal of expanding it by 3.2 million kW or more by around 2030. The construction of the power plant will be the first renewable energy development project in Hokkaido for Chubu Electric Power.

Together with the understanding and cooperation of the local community and other stakeholders, both investment companies as well as the project company will proceed with the construction work, placing safety as the highest priority.

Power Plant Overview

Location

3887-2, Menashibetsu, Toyotomi-cho Teshio-gun, Hokkaido, etc.

Power output

30,000kW

Annual power output

Approx. 77 million kWh (equivalent to the electricity demand for approx. 25 thousand households)

Scheduled start of operation

April 2024

Operating company

Toyotomi Wind Energy LLC

[Illustration of Completed Plant]

Illustration of Completed Plant

[Company Profiles]

Toyotomi Wind Energy LLC

Established

June 2020

Location

Haruno Bldg. 3F, 16-1-323, Minami-1-jonishi, Chuo-ku, Sapporo, Hokkaido

Representative

Soichiro Nakamura (Looop), Administrator

Business

Acquisition, ownership, management and operation of power generation facilities for renewable energy power generation business, etc.

Investment

Looop (51%), Chubu Electric Power (49%)


Looop Inc.

Established

April 2011

Location

Ueno Frontier Tower, 3-24-6 Ueno, Taito-ku, Tokyo

Representative

Soichiro Nakamura, President & Representative Director

Business

Renewable energy business, electricity retail business, etc.

Chubu Electric Power Co., Inc.

Established

May 1951

Location

1 Higashi-shincho, Higashi-ku, Nagoya-shi, Aichi Prefecture

Representative

President & Director Hayashi Kingo

Business

Renewable energy projects, overseas projects, community support infrastructure-related projects, etc.

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