Consortium of Japanese Energy Companies Acquires 50MW Tahara Biomass Project from Solariant Capital

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PASADENA, Calif. – April 8, 2022 – (Newswire.com)

Solariant Capital, LLC (“Solarian”), a renewable energy investment and development company headquartered in Pasadena, California, is pleased to announce that a consortium of Japanese companies, including Japan Petroleum Exploration Co., Ltd. (JAPEX), Shizuoka Gas & Power Co., Ltd., TOKYO ENERGY & SYSTEMS INC., Kawasaki Kinkai Kisen Kaisha, Ltd., Daiichi Jitsugyo Co., Ltd. and Iwatani Corporation have entered into an agreement with Solariant to acquire its 50.0 MW biomass power plant project in Tahara (the “Project”). Solariant will retain a minority stake in the project company, Tahara Bio-power LLC (the “LLC”).

The consortium has closed financing and seed funding for the project, which will be built in the 4th District of Tahara in the coastal area of ​​Tahara City, Aichi Prefecture. The project is being promoted through the LLC by the seven companies, which have strengths in renewable energy, including biomass energy.

The project will provide a stable supply of electricity from renewable energy sources and meet local government expectations to develop a city with low environmental impact. The power plant is fueled by wood pellets and will have a net output of 50,000 kW. Construction of the plant is expected to begin in October 2022 and commercial operation is scheduled for April 2025.

The consortium of companies will cooperate and support the project, including building and maintaining relationships with the community and local governments. In addition, the seven companies will be assigned project work based on each company’s capabilities, including fuel supply, fuel transport and management, construction management, and operation and maintenance. maintenance after commercial operation.

The seven companies and the LLC will contribute to the expansion of the use of electricity from renewable energy sources and local economic development with the understanding and support of stakeholders in the surrounding region.

About Solariant Capital, LLC. Solariant Capital is an experienced utility-scale renewable energy development and investment company focused on utility-scale solar power, energy storage and biomass projects in Asia and in the United States, with offices in Pasadena, California, Tokyo, Japan, Seoul, Korea, and Manila and Bislig, Philippines. https://solariant.com

Contact information:

Solariant Capital, LLC

(626) 544-0279

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Consortium of Japanese Energy Companies Acquires 50MW Tahara Biomass Project from Solariant Capital

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