PPA overview

Contract model and parties

Model:

Virtual

Generator:

RENOVA, Inc.

株式会社レノバ

Offtaker:

Otsuka Corporation

株式会社大塚商会

Industry:

Information Technology

Capacity and generation

T&D area:

-

Technology:

Solar

Capacity:

12MW (DC)

Inverter:

6MW (AC)

Generation:

13GWh/year

Status and timeline

Status:

Partially live

Disclosed:

August 23, 2023

COD:

Undisclosed

Duration:

30

Additional details

  • The assets will be operated by RENOVA’s wholly-owned subsidiary Daiichi Taiyoko Hatsuden G.K., which will start building them in FY2023
  • The generated power will be sold in the wholesale market while the non-fossil certificates will be sold to Otsuka Corporation at a fixed price
  • This deal was followed by a 10 MW DC virtual PPA the companies signed in February 2024

RENOVA, Inc.'s other PPAs

Otsuka Corporation's other PPAs

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