Press Release
Development of a 74,950kW Wood-Burning Biomass Power Plant in the cities of Omaezaki and Makinohara in Shizuoka Prefecture with Tentative Operation Commencement Date of July 2023
November 19, 2019
Chubu Electric Power Co.,Inc.
Chubu Electric Power Co., Inc. (President Satoru Katsuno; head office in Higashi-ku, Nagoya city; "Chubu Electric Power"), Mitsubishi Electric Credit Corporation (President Mamoru Fukayama; head office in Shinagawa-ku, Tokyo; "Mitsubishi Electric Credit"), and Suzuyo Shoji Co., Ltd. (President Masahiro Kato; head office in Shizuoka city, Shizuoka; "Suzuyo Shoji") announced today that they reached an agreement to invest in "Omaezaki Port Biomass Energy LLC" ("Project Company"), which was established by RENOVA, Inc. (CEO Yosuke Kiminami; head office in Chuo-ku, Tokyo; "RENOVA"), and that the Project Company concluded a project financing agreement.
The Project Company will construct and operate a wood-burning biomass power plant in the cities of Omaezaki and Makinohara in Shizuoka Prefecture that will generate 74,950kW.
The target operation commencement date is July 2023 and the project will proceed with the understanding and cooperation of the community residents as well as the various entities concerned.
[Profile of the Omaezaki Port Biomass Power Plant]
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Location of power generation facility |
Omaezaki Port and Shinsho, Makinohara city in Shizuoka Prefecture |
|---|---|
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Power output |
74,950kW |
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Projected annual output |
Approx. 530 MWh (equivalent to amount consumed by 170,000 ordinary households) |
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Fuel type |
Wood pellets, palm kernel shells |
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Construction start date |
April 2021 |
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Operation start date |
July 2023 |
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Financing |
Project financing arranged through Sumitomo Mitsui Trust Bank, Limited and Shinsei Bank, Limited. |
[Profile of Omaezaki Port Biomass Energy LLC]
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Establishment |
January 2019 |
|---|---|
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Location |
2-2-1 Kyobashi, Chuo-ku, Tokyo |
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Representative |
Representative partner RENOVA, Inc. |
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Business description |
Power generation though renewable energy, etc., supply and sales of electricity, etc. |
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Investors |
RENOVA (38%), Chubu Electric Power (34%), Mitsubishi Electric Credit (18%), Suzuyo Shoji (10%) |