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ENERGY & UTILITIES | Renewables
renovainc.com

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About Renova

Renova is an independent renewable energy developer and power producer. The company develops, owns, and operates solar PV, biomass, wind, and geothermal power plants. It is based in Chuo-ku, Japan.

Renova Headquarter Location

Chuo-ku, 104-0031,

Japan

Latest Renova News

Notice of Revenue from Electricity Sales in October 2021

Nov 8, 2021

11/08/2021 | 12:18am EST Message : (Stock code: 9519 RENOVA, Inc. announces the electricity sales figures for renewable energy power plants in Japan. 1. Figures for Electricity Sales Fiscal Year Ending March 31, 2022 Number of +67.4% *1 The generation capacity for solar power plants is based upon the maximum output of each solar power plant's modules, and the generation capacity for biomass power plants is based upon the gross capacity. Both list generation capacity at month end. *2 The planned electricity sales figures are calculated by RENOVA at renewable energy power plants operated in Japan. *3 Existing plants refer to those which have been in operation for at least 13 months. *4 There was an outage at the biomass power plant due to the scheduled annual maintenance in May 2021. *5 Kanda Biomass power plant operated in June 2021. *6 Karumai Sonbou solar power plant operated in October 2021. Comparison between Planned and Actual YTD Cumulative Electricity Sales (in kWh) 1,200,000,000 October 2021 63.0% 61.0% 100.0% 35.3%*8 Total *5 The fixed purchase price, exclusive of consumption tax, is based upon the FIT Scheme for each power plant and may differ from the actual electricity sale price. *6 Kikugawa-Ishiyama Solar Co., Ltd., Kikugawa-Horinouchiya Solar Co., Ltd., Ozu Solar T.K., Yokkaichi Solar T.K.,Nasu-Karasuyama Solar T.K., Karumai-West Solar T.K. and Karumai-East Solar T.K. consider the impact of output curtailment caused by Utilities' grid construction in the vicinity of the RENOVA's Power Plant in full-year performance forecasts. *7 Expected output curtailment at the Kokonoe Solar T.K. and Ozu Solar T.K. are incorporated into its full year performance forecasts. *8 RENOVA has invested in URE through Sensyu Holdings Co., Ltd., a subsidiary of RENOVA. Assuming that RENOVA directly owns URE's shares, RENOVA's substantial interests, calculated by multiplying URE's shares owned by Sensyu Holdings by RENOVA's equity in Sensyu Holdings, are 35.3%. *9 The purchase price for wood biomass derived from thinned wood is 32 yen whereas that for general wood biomass is 24 yen. 3. Status of output curtailment In October 2021, Kyushu Electric Power, Incorporated. issued an output control instruction and a part of power plants operated by RENOVA stopped generating electricity. As the effect on the consolidated financial forecast for the fiscal year ended March 31, 2022 was minor, the total amount of power generation loss was 0.098% (Total power generation due to output restriction in October 2021) of the annual revenue plan for all power plants. In the process of setting planned full-year figures for electricity sales, RENOVA takes into account certain output control risks and weather impact risks in the power generation business. (Output curtailment by Power plant) Power plant

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Expert Collections containing Renova

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Renova is included in 1 Expert Collection, including Renewable Energy.

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Renewable Energy

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