Yufutsu Biomass Power Project is a 74.951MW biopower project. It is planned in Hokkaido, Japan. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in January 2023.
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|Nippon Paper Industries; Sojitz
The project is being developed and currently owned by Nippon Paper Industries and Sojitz. The company’s ownership stake in the project stands as 51% and 49% respectively.
The project cost is expected to be around $312.98m.
Agricultural by-product and wood by-product will be used as a feedstock to power the project.
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The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by January 2023.
Power Purchase Agreement
The power generated from the project will be sold to Hokkaido Electric Power under a power purchase agreement.
About Nippon Paper Industries
Nippon Paper Industries Co Ltd (NPI) is a manufacturer of paper and related products. Its portfolio includes wide varieties of paper, paperboard, household paper products, processed paper products, lumber, wood products and construction material, chemical products, and functional materials. The company also offers services such as civil engineering, and warehousing and transportation. NPI manages sports and leisure business, which operates sports clubs and leisure facilities including ski areas, bowling alleys, and golf courses. It serves to food and beverages, healthcare, construction and real estate, consumer packaged goods, and leisure and entertainment markets. The company has operations in Asia, Oceania, North America, South America, and Europe. NPI is headquartered in Chiyoda, Tokyo, Japan.
Sojitz Corp (Sojitz) is an integrated global trading and investment group. The company has interest in a wide range of businesses worldwide, including buying, selling, importing and exporting goods, manufacturing and selling products and planning and coordinating projects. The company also invests in various sectors, conducts financing activities and provides logistics and insurance services. It operates in a broad range of sectors, including automobiles, agricultural and forestry resources, chemicals, consumer goods, energy, foodstuff resources, industrial parks, mineral resources and plants. The company has operations in the Americas, Europe, the Middle East, Africa, Asia and Oceania. Sojitz is headquartered in Tokyo, Japan.
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.