Japanese renewable power producer RENOVA, Inc. is currently proceeding with commissioning at the Karatsu Biomass Power Plant owned by Karatsu Biomass Energy G.K., an equity method affiliate of RENOVA, toward start of operation in March 2025. However, given the additional time required for adjustments to the boiler and turbine facilities etc. to ensure long-term stable operation at the plant, the schedule for the start of operation has been changed to September 2025 (planned).
The plant was originally expected to begin operations in December 2024. Once operational, the plant will be fueled by wood pellets and palm kernel shells (PKS).
The FIT sales period is expected to be until November 30, 2044. In addition, Karatsu G.K. is expected to receive Liquidated Damages from the EPC for a certain period of time due to the change in the start of commercial operation based on the EPC contract.
