PPA overview
Contract model and parties
Model:
Virtual
Generator:
PHOTON CAPITAL K.K.
PHOTON CAPITAL合同会社
Offtaker:
Undisclosed
未公開
Industry:
Others
Capacity and generation
T&D area:
Multiple
Technology:
Solar
Capacity:
20MW (DC)
Inverter:
-
Generation:
Status and timeline
Status:
Live
Disclosed:
July 5, 2024
COD:
By September 25, 2026
Duration:
Undisclosed
Additional details
- PHOTON will develop seven high-voltage solar power plants on unused land in the Hokkaido, Tohoku, and Chugoku TSO areas and supply the generated renewable energy certificates to an undisclosed major Japanese manufacturer
- J-Power will aggregate the power plants and be responsible for forecasting and balancing generation, and for selling the generated power
- ORIX Bank will provide non-recourse financing for the project
- The PPA is expected to lead to 16,000t per year CO2 emission reduction
