Announced details
Decarbonized power sources, stable 24-hour electricity demand, 24/7 carbon-free power for data centers and other facilities, and decarbonization of regional industrial parks and other areas
Support for the initial investment and fixed operating costs over 20 years
A power plant planned by the Company in Niigata Prefecture. No capital, personnel or business relationship with the counterparty is stated.
Successful bid in the fiscal 2025 Long-Term Decarbonized Power Source Auction
Organization for Cross-regional Coordination of Transmission Operators (OCCTO)
Niigata Prefecture
In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.
Organization for Cross-regional Coordination of Transmission Operators, “Capacity Market: Long-Term Decarbonized Power Source Auction Clearing Results (Bid Year: Fiscal 2025)”
| Item | Details |
|---|---|
| Names of Products / Services Covered | eREX Niigata (provisional name) Biomass Power Plant |
| Relationship with the Company | A power plant planned by the Company in Niigata Prefecture. No capital, personnel or business relationship with the counterparty is stated. |
| Launch date | Fiscal 2029 (planned) |
| Applicable area | Decarbonized power sources, stable 24-hour electricity demand, 24/7 carbon-free power for data centers and other facilities, and decarbonization of regional industrial parks and other areas |
| Award/certification name | Successful bid in the fiscal 2025 Long-Term Decarbonized Power Source Auction |
| Awarding / certifying body | Organization for Cross-regional Coordination of Transmission Operators (OCCTO) |
| Location | Niigata Prefecture |
| Location scale | Generation capacity: 112 MW |
| Quantitative Effects | Support for the initial investment and fixed operating costs over 20 years |
| Source | Organization for Cross-regional Coordination of Transmission Operators, “Capacity Market: Long-Term Decarbonized Power Source Auction Clearing Results (Bid Year: Fiscal 2025)” |
Items this document does not state (8)
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 provide competitively priced decarbonized electricity by using the Long-Term Decarbonized Power Source Auction to obtain support for the initial investment and fixed operating costs over 20 years. The Company also aims to provide stable decarbonized infrastructure by leveraging its strengths in biomass power plant operations and fuel supply.