RENOVA Signs Virtual Power Purchase Deal for Non-FIT Solar Power in Japan

MT Newswires Live

2024/11/01

Renova (TYO:9519) said its subsidiary, Second Solar Power G.K., has signed a Virtual Power Purchase Agreement to supply non-FIT non-Fossil Certificates from newly developed solar power plants to a domestic consumer, according to a Thursday filing on the Tokyo Stock Exchange.

Effective immediately, the 20-year agreement aims for annual electricity production of roughly 38 GWh from a contracted capacity of 18 MW, with a maximum potential of 36 MW.

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