Solariant Capital enters deal for the sale of a majority interest in 50 MW Tahara Biomass Project

Solariant Capital, LLC, has entered into an agreement with a consortium of Japanese companies including Japan Petroleum Exploration Co., Ltd. (JAPEX), Shizuoka Gas & Power Co., Ltd., TOKYO ENERGY & SYSTEMS INC., Kawasaki Kinkai Kisen Kaisha, Ltd., Daiichi Jitsugyo Co., Ltd., and Iwatani Corporation, for the sale of the 50 MW Tahara Biomass Power Plant project. Solariant will retain a minority interest in the project company, Tahara Bio-power LLC.

The consortium has closed financing and initial funding for the project, which will be constructed in the Tahara 4th district in the coastal area of Tahara City, Aichi prefecture. The power plant will be fueled by wood pellets and will have a net power output of 50,000 kW. The construction of the power plant is planned to start in October 2022 and commercial operation is expected in April 2025. 

The consortium of companies will cooperate and support the project, including building and maintaining relationships with the community and local governments. Also, the seven companies will be entrusted with project work based on the capabilities of each company, including fuel procurement, transportation, and management of fuels, construction management, and operations and maintenance after commercial operation.