Announced details
Solar power plants using the FIP scheme, renewable energy power generation businesses, and electricity supply-demand balancing
Expected effects include supplying electricity during periods of high market prices, reducing the underutilization of renewable electricity caused by output curtailment, reducing CO₂ emissions, and increasing the share of renewable energy. No quantitative figures for the effects are stated.
TESS Engineering, a consolidated subsidiary, received an order from the SPC for the installation of a battery storage system. The SPC is an investment held by a fund managed by GIM.
GIM is headquartered in Chiyoda-ku, Tokyo. Its Representative Director, President, Executive Officer and CEO is Osawa Jo (大澤丈). GIM operates infrastructure investment and management businesses, among others. The name, location, and representative of the SPC are not stated.
Isa, Kagoshima Prefecture
In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.
| Item | Details |
|---|---|
| Names of Products / Services Covered | Battery Storage Systems, Conversion of FIT solar power to FIP, with co-located battery storage |
| Counterparty | An SPC invested in by a fund managed by GIM |
| Counterparty overview | GIM is headquartered in Chiyoda-ku, Tokyo. Its Representative Director, President, Executive Officer and CEO is Osawa Jo (大澤丈). GIM operates infrastructure investment and management businesses, among others. The name, location, and representative of the SPC are not stated. |
| Relationship with the Company | TESS Engineering, a consolidated subsidiary, received an order from the SPC for the installation of a battery storage system. The SPC is an investment held by a fund managed by GIM. |
| Launch date | October 2027 (scheduled delivery) |
| Applicable area | Solar power plants using the FIP scheme, renewable energy power generation businesses, and electricity supply-demand balancing |
| Location | Isa, Kagoshima Prefecture |
| Location scale | PCS output: 1,990 kW; capacity: 5,018 kWh; one 5,018 kWh unit manufactured by Itochu Corporation/BYD |
| Quantitative Effects | Expected effects include supplying electricity during periods of high market prices, reducing the underutilization of renewable electricity caused by output curtailment, reducing CO₂ emissions, and increasing the share of renewable energy. No quantitative figures for the effects are stated. |
Items this document does not state (9)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To curb the underutilization of renewable energy caused by output curtailment as the industry transitions from the FIT scheme to the FIP scheme, and to contribute to improving the profitability of power generation businesses, reducing CO₂ emissions, and increasing the share of renewable energy by supplying electricity during periods of high market prices.