Japan’s energy producer Renova is building a 74.8-MW Tokushima Tsuda biomass power generation project in Tokushima prefecture and the company recently arrived at a final investment decision (FID) and achieved financial close for the project.
The proposed biomass power plant will use wood pellets and palm kernel shells (PKS) as a feedstock. It is expected that the construction will start in the spring of 2019, while the commissioning is planned for March 2023.
With an annual power generation of about 500 million kWh, the Tokushima Tsuda biomass power generation plant will be able to meet the annual power consumption of approximately 150,000 households.
Renova is developing this project with other companies including - Tokushima Tsuda, Osaka Gas, NEC Capital Solutions, Mitsubishi Electric Credit Corporation, Genboku, Dairi Lumber and Tokushima Denki Sangyo.
Get more updates on the project in the Keynote Speech by Mr. Yosuke Kiminami, President & CEO, Renova at CMT’s 10th Biomass Pellets Trade & Power on 13-16 May, 2019 in Tokyo. The summit also has Mr. Aki Mori, CFO, Renova sharing on ‘Financing Biomass Power Projects in Japan’ and Mr. Yoshinobu Kusano, General Manager, Fuel Procurement Biomass Energy, Renova joining a Panel Discussion on ‘Japanese Biomass Transportation & Logistics’