In addition to 2,000,000 metric tons per year of long-term off-take contracts with Japanese counterparties, Enviva has recently executed several agreements with Japanese counterparties totaling more than 1,000,000 MTPY of additional volumes, including:
—A 15-year, take-or-pay off-take contract with a major Japanese trading house that is a new customer to supply a new biomass power plant. Deliveries under the contract are expected to commence in 2022 with average volumes of 60,000 MTPY of wood pellets.
—A 20-year, take-or-pay off-take contract with a major Japanese trading house to supply a new biomass power plant. Deliveries under this contract are expected to commence in 2024 with volumes of 400,000 MTPY of wood pellets.
—A 10-year, take-or-pay off-take contract with a major Japanese trading house to supply a biomass co-firing power plant. Deliveries under this contract are expected to commence in 2022 with volumes of 210,000 MTPY of wood pellets.
—A 17-year, take-or-pay off-take contract to supply a coal-to-biomass conversion power plant project currently being developed by a group of Japanese industry leaders. Deliveries under this contract are expected to commence in 2022 with volumes of 340,000 MTPY of wood pellets.
In addition, Enviva executed a firm 2-year take-or-pay off-take contract with Albioma Le Moule, a leading renewable energy generator in Guadeloupe, to supply a power plant currently being converted from coal-fired to biomass-fired, which Albioma reports will increase the share of renewable energy on the island from 20% to 35%. Deliveries under the contract are expected to commence in 2020 with volumes of 130,000 MTPY of wood pellets.