Renova Hits Solar Milestone: 20Yr PPA at Home

Dec 6, 2023 01:21 PM ET
  • Renova Inc secures a 20-year power purchase agreement to provide electricity from 5 MW of solar photovoltaic plants to Toho Gas Co Ltd, with plans to expand total solar capacity. Construction starts in FY2024, and full operation expected by end of 2026.
Renova Hits Solar Milestone: 20Yr PPA at Home

Renova Inc has secured a 20-year power purchase agreement to sell the electricity from 5 MW of solar photovoltaic plants to local utility Toho Gas Co Ltd. The solar systems will be operated by Renova's subsidiary First Solar Power GK, with construction scheduled to begin in the fiscal year ending March 2024 and full operation expected by the end of September 2026. Renova also noted that the total solar capacity has potential for expansion.

What Is Renova's Plan for Its 5 MW Solar Plants?

  • Renova will build 5 MW of solar photovoltaic plants.
  • The plants will be operated by Renova's subsidiary First Solar Power GK.
  • Construction of the solar systems is scheduled to begin in the fiscal year ending March 2024.
  • The plants are expected to be fully operational by the end of September 2026.
  • Renova has secured a 20-year power purchase agreement to sell the electricity from the plants to local utility Toho Gas Co Ltd.
  • The total solar capacity has potential for expansion.
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