Investment in the Tokushima Tsuda Biomass Power Plant and Right to Acquire an Additional Equity Interest After Completion
First written in FY2019-Q4. 4 of 9 entries say "Achieved", first in FY2021. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025AchievedAnnual report
「Tokushima Tsuda Biomass Power Plant, owned by the group's consolidated subsidiary Tokushima Tsuda Biomass Power Plant G.K., had been undergoing permanent remedial work on its equipment to support stable long-term operations. The work has been completed, and normal operations resumed on 22 December 2024.」
The permanent remedial work at Tokushima Tsuda Biomass was completed, and normal operations resumed on 22 December 2024. - FY2025-H1Permanent remedial work after commencement of operationsAnnual report
「Tokushima Tsuda Biomass Power Plant, owned by our consolidated subsidiary 徳島津田バイオマス発電所合同会社, is undergoing permanent remedial construction to make its facilities permanent for stable long-term operations.」
Permanent remedial work on equipment is under way at the operating Tokushima Tsuda Biomass facility to support stable operations. - FY2024AchievedAnnual report
「Tokushima Tsuda Biomass Power Plant G.K. (Tokushima, Tokushima) commenced generation in December 2023.」
Tokushima Tsuda Biomass Power Plant began generation in December 2023 and entered the operating phase as a consolidated subsidiary with an investment ratio of 60.8%. - FY2024-Q3AchievedAnnual report
「In December 2023, the company additionally acquired an interest in Mori no Miyako Biomass Energy G.K., previously an equity-method affiliate (investment ratio: 60.0%), and made it a consolidated subsidiary.」
Through the exercise of its right to make an additional acquisition in Mori no Miyako Biomass, the company increased its investment ratio from 29% to 60% and made it a consolidated subsidiary. - FY2024-Q2SoftenedAnnual report
「Tokushima Tsuda Biomass Power GK and Ishinomaki Hibarino Biomass Energy GK had been conducting commissioning toward commencing operations in September 2023, but required additional time for final adjustments to their boiler and turbine equipment for long-term stable operation. Accordingly, the commercial operation commencement date was changed to December 2023 (scheduled) for Tokushima Tsuda Biomass Power GK and January 2024 (scheduled) for Ishinomaki Hibarino Biomass Energy GK.」
The scheduled start of commercial operations for Tokushima Tsuda Biomass was changed from September 2023 to sometime in December 2023. - FY2023-Q2AdvancedAnnual report
「In October 2022, Minami-Aso Yunotani Geothermal Power Plant, Tokushima Tsuda Biomass Power Plant and Ishinomaki Hibarino Biomass Power Plant began trial operations. During the current consolidated fiscal year, Minami-Aso Yunotani Geothermal Power Plant was scheduled to commence commercial operations in December 2022, and Tokushima Tsuda Biomass Power Plant in March 2023.」
Tokushima Tsuda Biomass Power Plant began trial operations in October 2022, reconfirming its scheduled start of commercial operations in March 2023. - FY2023-Q1AdvancedAnnual report
「During the current consolidated fiscal year, Minami-Aso Yunotani Geothermal Power Generation was scheduled to commence operations in December 2022, and Tokushima Tsuda Biomass in March 2023.」
The company disclosed a scheduled March 2023 start of operations for Tokushima Tsuda Biomass Power Plant, updating the scheduled operating start date for the project under construction. - FY2021AchievedAnnual report
「In March 2021, the company additionally acquired an interest in Tokushima Tsuda Biomass Power Plant G.K., previously an equity-method affiliate (investment ratio: 60.8%), and made it a consolidated subsidiary.」
The company made an additional acquisition in Tokushima Tsuda Biomass and made it a consolidated subsidiary with an investment ratio of 60.8%. - FY2019-Q4First statedAnnual report
「During the third quarter of the current fiscal year, the company acquired an equity interest in Tokushima Tsuda Biomass Power Plant G.K. (Tokushima, Tokushima), which operates the Tokushima Tsuda biomass power generation business in which the company participates, with output of approximately 75 MW on a gross generation basis. Because the company's voting interest in Tokushima Tsuda Biomass Power Plant G.K. is 38.2% (investment ratio: 36.1%), the company has treated Tokushima Tsuda Biomass Power Plant G.K. as an equity-method affiliate from the third quarter of the current fiscal year. Under the investment agreement among the investors in the business, the company has the right, after the completion date of Tokushima Tsuda Biomass Power Plant, to acquire an additional interest equivalent to 24.7% of the investment ratio held by some of the co-sponsors. If this right is exercised, the company's investment ratio will be 60.8% (however, the dividend ratio attributable to the business belonging to the company will be 70.4%).」
In the third quarter, the company invested in Tokushima Tsuda Biomass Power Plant G.K., making it an equity-method affiliate with a voting interest of 38.2% and an investment ratio of 36.1%. After completion, it has the right to acquire an additional 24.7% interest held by co-sponsors, which would bring its investment ratio to 60.8% and its dividend ratio to 70.4% if fully exercised.