Solariant sheds stakes in 52.7 MWp Fukuyama Biomass Power Plant GK in Hiroshima

Solariant Capital's investment in a 52.7 MWp biomass power plant is being purchased by a consortium led by Japanese utility Chubu Electric Power. The sum was not revealed.

Chubu and its partners Inabata & Co, Taihei Dengyo Co, Tokyo Sangyo Co, and Hitachi Zosen Corporation have reached a deal with Solariant for the acquisition. Solariant, on the other hand, holds a minority ownership in Fukuyama Biomass Power Plant, the project business.

The bank debt is provided by Sumitomo Mitsui Trust Bank, but the amount and other information have not been revealed. The project is located in Fukuyama, Hiroshima, and is planned to be completed and operational in May 2025. It is anticipated to generate 380,000 GWh of electricity per year.