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:
10MW (DC)
Inverter:
5MW (AC)
Generation:
11GWh/year
Status and timeline
Status:
Partially live
Disclosed:
February 5, 2024
COD:
By FY2027 (expected)
Duration:
30
Additional details
- RENOVA’s wholly-owned subsidiary Daiichi Taiyoko Hatsuden G.K. will start building assets related to this PPA in FY2024 and expects to finish commissioning all of them by March 2028
- The generated power will be sold in the wholesale market while the non-FIT non-fossil certificates will be sold to Otsuka Corporation at a fixed price
- This deal follows a 12 MW DC virtual PPA the companies signed in August 2023 and is expected to allow Otsuka Corporation to transition to using renewable power for 100% of its consumption
