Renova Continues Focus On Biomass
Renova, an independent renewable energy developer and power producer, has reached financial close on a 75 MW biomass power plant under development in Sendai, Miyagi Prefecture, Japan, 225 miles northeast of Tokyo.
The facility, named the Sendai-Gamo Biomass Project, will be fueled by wood pellets and palm kernel shells. Full construction on the facility is expected to begin by February 2021, with operations expected to begin in November 2023.
Renova states it is working to develop the project with four co-sponsors, including Sumitomo Forestry Co. Ltd., United Purpose Management Inc., Mizuho Leasing Co. Ltd. and Daiwa Energy and Infrastructure Co. Ltd.
Renova operates its power generation business based on locally entrenched renewable energy resources including biomass, solar, wind and geothermal power. Renova reports it has been accumulating knowledge through development and operation of wood biomass-fueled power plants including the Akita Biomass Project, under which the power plant has been in healthy operation since its completion, as well as the Kanda Biomass, Tokushima-Tsuda Biomass, Omaezakikou Biomass and Ishinomaki Hibarino Biomass projects, which are under construction.
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