Participation in the Karatsu Biomass Power Generation Project and the Right to Increase the Ownership Interest After Completion
First written in FY2022-Q2. 1 of 3 entries say "Softened", first in FY2025-H1. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1AchievedAnnual report
「30 September 2025 (date of acquisition of the equity interest)」
For the Karatsu Biomass project, an additional 16.0% interest was acquired, increasing the investment ratio from 35.0% to 51.0%, and the company became a consolidated subsidiary on 30 September 2025. - FY2025-H1SoftenedAnnual report
「合同会社御前崎港バイオマスエナジー, which had been conducting trial operations toward an October 2024 start, and 合同会社唐津バイオマスエナジー, which had been conducting trial operations toward a December 2024 start, required additional time to adjust boiler and turbine equipment for long-term stable operation. Accordingly, the scheduled start of commercial operations was changed to March 2025 (planned).」
The scheduled start of commercial operations at the Karatsu Biomass project was changed from December 2024 to March 2025. - FY2022-Q2First statedAnnual report
「Karatsu Biomass Energy GK, our equity-method affiliate, entered into financing-related agreements with financial institutions on 31 August 2021 and arranged project financing for the construction and operation of a dedicated woody biomass power plant in Karatsu, Saga Prefecture. Our equity interest in the company is 35.0% in terms of both the investment ratio and the dividend ratio. We also have the right, after the Karatsu Biomass Power Plant is completed, to acquire an additional 16.0% equity interest in the company held by some of the joint investors. If we exercise all of this right, both our investment ratio and dividend ratio will be 51.0%. Contract period (Note 1): 20 years from the start of operations. (Note 1) The contract period is stated as the electricity purchase period. Operations are scheduled to begin by December 2024.」
For the Karatsu Biomass Power Project, project financing was arranged on 31 August 2021, and a right was established to increase both the investment ratio and dividend ratio from the initial 35.0% to 51.0% through the acquisition of an additional 16.0% interest after completion. The power sales agreement runs for 20 years from the start of operations, which was scheduled by December 2024.