Fuso Holdings Co., Ltd. Regarding the joint development of small and medium-sized solar power plants with a total capacity of about 8,000 kW at 84 locations in Japan by Osaka Gas and Japan Energy Systems

Fuso Holdings Co., Ltd.
About the joint development of small and medium-sized solar power plants with a total capacity of about 8,000 kW at 84 locations in Japan by Osaka Gas and Japan Energy Systems

Osaka Gas Co., Ltd. (President and CEO: Masataka Fujiwara, hereinafter “Osaka Gas”) and Fuso Holdings Co., Ltd. (President and CEO: Naobu Kado, hereinafter “Fuso Holdings”) will develop a solar power plant as a wholly owned subsidiary. Japan Energy Systems Co., Ltd.
(Representative Director: Seiji Kurobuchi, hereinafter “JPN”) will jointly develop small and medium-sized solar power plants with a total capacity of approximately 8,000 kW at 84 locations in Japan
(hereinafter “this project”). decided.
Among them, 48 sites will develop non-FIT/non-FIP solar power plants with a total capacity of about 4,000 kW, and the remaining 36 sites will develop FIT solar power plants with a total capacity of about 4,000 kW. In addition, the development of non-FIT/non-FIP solar power plants will be implemented following the adoption of the “Subsidy to promote the introduction of solar power generation led by consumers (FY2021 supplementary budget)”*1 publicly offered by the Ministry of Economy, Trade and Industry. To do.
This project will be implemented through joint company JO Denryoku No. 1 (hereinafter referred to as the “operating company”) in which Osaka Gas and Fuso Energy, a subsidiary of the Fuso Group, each invest 50%. Non-FIT/non-FIP solar power plants are aiming to start operation by the end of February 2023, and FIT solar power plants are aiming to start operation by the end of February 2024. will be outsourced to CO2O Co., Ltd. In addition, Osaka Gas will purchase all of the electricity generated over the long term and use it to expand the supply of renewable energy (hereafter “renewable energy”) electricity to customers aiming for RE100 and ESG management.
Part of the funds required for this project will be procured through project finance*3 under a non-recourse loan*2 agreement with MUFG Bank, Ltd. The conclusion of a non-recourse financing agreement for a non-FIT/non-FIP solar power plant development project is a pioneering initiative in the domestic financial industry.
In light of the declining number of sites suitable for large-scale solar power development, Osaka Gas is promoting activities to develop small and medium-sized commercial solar power plants at multiple sites through collaboration with developers with development capabilities. . On the other hand, JPN is developing renewable energy power sources nationwide, mainly in Shikoku. , we are promoting collaboration with partners who have a solid business foundation in the electric power business.
In April of this year, the two companies concluded an agreement*4 on the continuous joint development and joint ownership of small and medium-sized commercial solar power plants with an annual capacity of tens of thousands of kW over the next several years. This project is part of that. Both companies will continue to contribute to the realization of a decarbonized society by working on joint development of renewable energy power sources.
The Daigas Group aims to contribute to the spread of 5 million kW*5 of renewable energy sources in Japan and overseas by fiscal 2030, through in-house development and ownership as well as procurement from other companies. The amount of contribution to the spread of renewable energy power sources, including those developed and owned in-house and those procured from other companies, including this project, is approximately 1.76 million kW.
The Fuso Group is developing water and sewage business, housing business, and energy business with the mission of “Answers for Community There are as many answers as there are regions.” In the management plan FUSO VISION 2030, which started in fiscal 2021, we anticipate the expansion of the energy business market centered on distributed power sources (renewable energy, energy storage equipment, etc.) due to the global decarbonization trend and regulatory reforms. is focusing on the renewable energy sector in line with the
government’s green growth strategy.
*1: To achieve the long-term energy supply and demand outlook for 2030 and ambitious greenhouse gas reduction targets,
    Expenses required for the introduction of solar power generation equipment by customers in cooperation with power generation companies, etc.
Partially subsidized, adopted on May 20, 2022
*2: A loan method in which only the cash flow generated from assets related to the use of funds is used as the source of repayment. *3: Loan for a specific project, with repayment funds from the invested project. limited to cash flow
*4: Regarding the joint development and ownership of a solar power plant by Osaka Gas and Japan Energy Systems
Conclusion of agreement (announced on May 23, 2022)
https://www.osakagas.co.jp/company/press/pr2022/1307125_49634.html *5: Renewable energy includes solar power, wind power, biomass, and other power sources covered by the FIT system.
1. Outline of jointly developed power plant
[Table 8: https://prtimes.jp/data/corp/97816/table/7_1_bc4960bdf5f4c6f9e1336b020edcb2fc.jpg ]

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