Japan's Renova postpones operation start for 75-MW biomass plant again

Japanese renewable power producer Renova Inc (TYO:9519) announced on Friday that the 75-MW Omaezakikou biomass plant had its commercial operation date postponed for the second time till March 2025.

Originally, the plant was set to come online in July 2024 and then the milestone was rescheduled for October 2024. The reason remains the same -- Renova needs additional time for final adjustments to the boiler and turbine to ensure stable operation.

The project has had its feed-in tariff (FIT) sales period changed to last until November 30, 2044, and it has received the maximum amount of Liquidated Damages under the EPC contract.

According to the company's website, the plant will use wood pellets, and palm kernel shells (PKS) as fuel sources. Once completed, it should be capable of generating around 530 million kWh per year, enough to meet the demand of some 170,000 households.

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