Japan's Renova inks VPPA linked to 60-MW solar portfolio

• Japanese renewable power manufacturer Renova Inc (TYO:9519) has authorized a virtual power purchase agreement (VPPA) to deliver the environmental worth originated from future solar PV plants with a complete capacity of 60 MW to regional firm Murata Manufacturing Co Ltd (TYO:6981).

The ecological value originated from the output of the solar projects will certainly be offered as Non-feed-in-tariff (FiT) Non-Fossil Certificates.

Under the VPPA, Renova's wholly-owned subsidiary First Solar Power GK will provide the certifications from small-scale, distributed generation (DG) solar photovoltaic (PV) power plants, the renewable resource firm revealed on Tuesday. The solar projects will certainly be created by Renova.

The real output will certainly be sold to the wholesale power market for a lasting period.

With this VPPA, the first of its kind for Renova, Murata Manufacturing is coming one step better to accomplishing 100% renewable resource under the worldwide RE100 initiative, the Japanese power producer kept in mind.