Japan Petroleum Exploration Co., Ltd.
SHIZUOKA GAS AND POWER
TOKYO ENERGY & SYSTEMS INC.
KAWASAKI KINKAI KISEN KAISHA, LTD.
DAIICHI JITSUGYO CO., LTD.
Solariant Capital LLC
Japan Petroleum Exploration Co., Ltd. (JAPEX), SHIZUOKA GAS AND POWER, TOKYO ENERGY & SYSTEMS INC., KAWASAKI KINKAI KISEN KAISHA, LTD., DAIICHI JITSUGYO CO., LTD., Iwatani Corporation, and Solariant Capital LLC, decided construction of the Tahara Biomass Power Plant (hereinafter “the power plant”) through Tahara Bio-power LLC (hereinafter “the LLC”) which promotes the biomass power project (hereinafter “the project”) in the Tahara 4th district in coastal area of Tahara City, Aichi prefecture, since completing the investment to the LLC and the signing of the project finance for the required funding of the project.
The project is promoted by the seven companies above through the LLC, that are highly interested and have strengths in renewable energy including biomass energy, for contribution to stable electricity supply from renewable energy sources, and to meet expectations by the local government that aims to develop a city with lower environmental impact. The power plant is fueled by wood pellets 100%, and its output scale is 50,000kW. The construction of the power plant is planned to start in October 2022, and commercial operation commencement is planned in April 2025.
The seven companies will cooperate and support to the LLC for the project promotion, including building and maintaining relationships with local governments and neighborhoods. Also, the seven companies will be entrusted with the works for the project based on the capabilities of each company, including fuel procurement, transportation and management of fuels, construction management, operation and maintenance after commercial operation.
Please refer the appendix for outlines of the LLC and the power plant.
The seven companies and the LLC will contribute to expanding the use of electricity from renewable energy sources with low environmental impact and developing local economies with the understanding and support of stakeholders in the surrounding area.
- Outline of the Power Plant
|Name||Tahara Biomass Power Plant|
|Planned Site||4-8, Shirahama 2nd, Tahara City, Aichi Prefecture|
|Generation Method||Steam Power|
|Generation Fuel||Wood pellets 100%|
|Offtaker||The Chubu Electric Power Co.,Inc. (Fixed price by FIT for 19 years and 8 months, 24JPY/kWh for unit sales price)|
|Business Owner||Tahara Bio-Power LLC|
|Asset Management||Japex Green Energy Co., Ltd. (100% Subsidiary of JAPEX)|
|Administrator of LLC||SHIZUOKA GAS AND POWER|
|O&M / Owners Engineering||TOKYO ENERGY & SYSTEMS INC.|
- Outline of the Business Owner
|Name||Tahara Bio-Power LLC|
|Incorporation||September 29, 2015|
|Head Office||Part of 4th district of in coastal area of Tahara City, Aichi Prefecture|
|Representative||Representative Partner: Tahara Biomass Powerplant General Incorporated Association
Job Executor: KITAGAWA Hisayoshi
|Sponsors||Japan Petroleum Exploration Co., Ltd. 39.9% SHIZUOKA GAS AND POWER 20.0% TOKYO ENERGY & SYSTEMS INC.CHOFU KAWASAKI 20.0% KINKAI KISEN KAISHA, LTD. 7.0% DAIICHI JITSUGYO CO., LTD. 6.0% Iwatani Corporation 5.0% Solariant Capital LLC 2.1%|
|BusinessDescription||Construction and management of biomass power plant, biomass power generation, and related businesses in Tahara City, Aichi Prefecture|
*1: Date of change of registration from Japan Energy Ventures, which is former company established be Solariant Capital LLC.
*2: Investment Investment based on silent partnership contract with the LLC. Silent partnership contract is a form of investment stipulated in the Commercial
Code in which multiple companies (silent partners) invest in an independent project and distribute the profits generated from the business in proportion to their investment, and the silent partner has no rights or obligations in the management of the company. In general, the term “silent” is used because the name is not revealed to the counterparty involved in the business.
( MAP )
* Added specific information on the map provided by Geospatial Information Authority of Japan
(Aerial picture around the planned construction area)
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