Karatsu Biomass Power Project is a 49.9MW biopower project. It is planned in Saga, Japan. The project is currently in financed stage. It will be developed in single phase. The project construction is likely to commence in 2021 and is expected to enter into commercial operation in December 2024.
Total Capacity (MW)Active Capacity (MW)Pipeline Capacity (MW)Project StatusProject LocationProject Developer49.9-49.9FinancedSaga, JapanRenova; Toho Gas
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Description
The project is being developed and currently owned by Renova and Toho Gas. The company’s ownership stake in the project stands as 35% and 34% respectively.
The project is expected to generate 350,000MWh electricity and supply enough clean energy to power 110,000 households. The project cost is expected to be around $208.38m.
Agricultural by-product and wood by-product will be used as a feedstock to power the project.
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By GlobalDataDevelopment Status
The project construction is expected to commence from 2021. Subsequent to that it will enter into commercial operation by December 2024.
About Renova
Renova Inc (Renova) formerly Recycle One Inc, is a renewable energy developer and power producer. It owns, develops and operates solar PV, biomass, wind, and geothermal power plants. The company’s power plants portfolio includes Suigo-Itako Solar, Kikugawa-Ishiyama Solar, Futtsu Solar, Kikugawa-Horinouchiya Solar, Kikugawa-Ishiyama Solar, and Kokonoe Solar, among others. Renova offers various services from planning to operation of power generation projects. It also transports equipment, manages civil engineering, monitors the status of operation and offers maintenance services.In addition, renewable energy development and management supports establishment and opening of a new renewable energy power plant and supports operation after opening. Renova is headquartered in Tokyo, Japan.
About Toho Gas
Toho Gas Co Ltd (Toho Gas) is a downstream energy distribution company. It procures and sells natural gas and liquefied petroleum products (LPG). The company supplies hydrocarbon products on wholesale and retail basis. It procures LNG from Australia, Qatar, Indonesia, Malaysia, and Russia through the price index and supply source contracts. The company also provides coke, tar and crude oil products; paving materials, automobiles, daily sundries, and foodstuffs; and gas, air-conditioning, kitchen, and plumbing equipment and home appliances. It also carries out supply LPG and electricity. It serves customers in Aichi, Gifu, and Mie prefectures. Toho Gas is headquartered in Nagoya, Aichi, Japan.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
