RENOVA delays start of operations for two biomass plants

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Japanese company RENOVA has announced delays to the start of operation of two of its biomass plants - the Tokushima-Tsuda biomass power plant and the Ishinomaki Hibarino biomass power plant.
The two plants were due to begin operation in September 2023. However, further time was required for the final adjustments of boiler and turbine facilities to ensure long-term and stable operation at both plants.
Start of operation is now planned for December 2023 for Tokushima-Tsuda, and October 2023 for Ishinimaki Hibarino.
FIT-based electricity sale has been commenced at both plants during the period of trial operation.
The FIT electricity sale periods are from February 2023 to January 2043 for Tokushima-Tsuda, and June 2023 to May 2043 for Ishinomaki Hibarino.
The impact on financial results for the current fiscal year (ending March 2024) is currently being examined.

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