July 8, 2022
Corporate Name: RENOVA, Inc.
Representative: Yosuke Kiminami, Founding CEO
(Stock code: 9519
The Prime Market of the Tokyo Stock
Exchange)
Contact: Kazushi Yamaguchi CFO
(TEL: +81-3-3516-6263)
Notice of Revenue from Electricity Sales in June 2022
RENOVA, Inc. announces the electricity sales figures for renewable energy power plants in Japan.
1. Figures for Electricity Sales
Fiscal Year Ending March 31, 2023
Number of | Generation | Planned | Actual Electricity | % Change | % Change YoY | |
Power Plants | Capacity*1 (MW) | Electricity Sales | Sales | from Plan | Above: Existing plants*3 | |
under Operation | (kWh) *2 | (kWh) | Below: All | |||
April*4 | Solar: 12 | Solar: 353.6 | 100,781,976 | 101,254,728 | +0.5% | -5.5% |
Biomass: 2 | Biomass: 95.5 | +102.0% | ||||
May*4* | Solar: 12 | Solar: 353.6 | 94,707,758 | 101,840,058 | +7.5% | +7.3% |
Biomass: 2 | Biomass: 95.5 | |||||
+143.2% | ||||||
June*4 | Solar: 12 | Solar: 353.6 | 75,516,483 | 76,426,120 | +1.2% | -5.2% |
Biomass: 2 | Biomass: 95.5 | |||||
+10.9% | ||||||
July*4 | Solar: 12 | Solar: 353.6 | 82,506,135 | |||
Biomass: 2 | Biomass: 95.5 | |||||
August | Solar: 12 | Solar: 353.6 | 103,032,983 | |||
Biomass: 2 | Biomass: 95.5 | |||||
September | Solar: 12 | Solar: 353.6 | 94,005,710 | |||
Biomass: 2 | Biomass: 95.5 | |||||
October | Solar: 12 | Solar: 353.6 | 90,899,326 | |||
Biomass: 2 | Biomass: 95.5 | |||||
November | Solar: 12 | Solar: 353.6 | 83,817,022 | |||
Biomass: 2 | Biomass: 95.5 | |||||
December*5 | Solar: 12 | Solar: 353.6 | 83,985,697 | |||
Biomass: 2 | Biomass: 95.5 | |||||
Geothermal: 1 | Geothermal: 2 | |||||
January | Solar: 12 | Solar: 353.6 | 85,638,268 | |||
Biomass: 2 | Biomass: 95.5 | |||||
Geothermal: 1 | Geothermal: 2 | |||||
February | Solar: 12 | Solar: 353.6 | 82,422,628 | |||
Biomass: 2 | Biomass: 95.5 | |||||
Geothermal: 1 | Geothermal: 2 | |||||
March*6 | Solar: 12 | Solar: 353.6 | 144,211,516 | |||
Biomass: 3 | Biomass: 170.3 | |||||
Geothermal: 1 | Geothermal: 2 | |||||
Full-Year | ‒ | ‒ | 1,121,525,502 | |||
YTD | ‒ | ‒ | 271,006,217 | 279,520,906 | +3.1% | -1.6% |
Cumulative | ||||||
+73.7% | ||||||
*1 The generation capacity for solar power plants is based upon the maximum output of each solar power plant's modules, and the generation capacity for biomass power plants is based upon the gross capacity. Both list generation capacity at month end.
*2 The planned electricity sales figures are calculated by RENOVA at renewable energy power plants operated in Japan.
*3 Existing plants refer to those which have been in operation for at least 13 months.
*4 There was an outage at the biomass power plant due to the scheduled annual maintenance. *5 Minami-Aso Yunotani Geothermal power plant to start operation in December 2022.
*6 Tokushima-Tsuda Biomass power plant to start operation in March 2023.
2. Monthly Electricity Sales by Plant
June 2022
YTD | ||||||||||
Ownership | Purchase Price*7 | Generation | Preliminary | Cumulative | ||||||
Power Plant | Figures from | |||||||||
Capacity*1 | Figures | |||||||||
Interest | (per kWh) | Apr. 2022 to | ||||||||
(MW) | (kWh) | |||||||||
Mar. 2023 | ||||||||||
(kWh) | ||||||||||
Suigo-Itako Solar, Inc. | 68.0% | 40 yen | 15.3 | 1,840,872 | 5,438,928 | |||||
Futtsu Solar, Inc. | 51.0% | 40 yen | 40.4 | 4,655,580 | 13,870,740 | |||||
Kikugawa-Ishiyama Solar, Inc.*8 | 63.0% | 40 yen | 9.4 | 1,122,584 | 3,185,641 | |||||
Kikugawa-Horinouchiya Solar, Inc.*8 | 61.0% | 40 yen | 7.5 | 897,666 | 2,582,185 | |||||
Kokonoe Solar T.K. | 100.0% | 40 yen | 25.4 | 2,656,608 | 8,433,840 | |||||
Nasu-Shiobara Solar T.K. | 100.0% | 40 yen | 26.2 | 2,668,872 | 8,668,944 | |||||
Ozu Solar T.K.*8 | 100.0% | 36 yen | 19.0 | 1,879,164 | 6,260,436 | |||||
Yokkaichi Solar T.K.*8 | 20.0% | 36 yen | 21.6 | 2,473,800 | 7,476,980 | |||||
Nasu-Karasuyama Solar T.K.*8 | 100.0% | 36 yen | 19.2 | 2,083,824 | 6,121,152 | |||||
Karumai-West Solar T.K.*8 | 100.0% | 36 yen | 48.0 | 5,440,300 | 18,106,300 | |||||
Karumai-East Solar T.K.*8 | 100.0% | 36 yen | 80.8 | 7,228,300 | 27,696,100 | |||||
Karumai-Sonbou T.K.*8 | 55.0% | 36 yen | 40.8 | 4,698,900 | 16,279,800 | |||||
United Renewable Energy Co., Ltd. | 35.3%*9 | 32 yen/24 yen*10 | 20.5 | 12,717,050 | 30,134,760 | |||||
Kanda Biomass Energy K.K. | 53.07% | 24 yen/32 yen*10 | 75.0 | 26,062,600 | 125,265,100 | |||||
76,426,120 | 279,520,906 | |||||||||
Total |
*7 The fixed purchase price, exclusive of consumption tax, is based upon the FIT Scheme for each power plant and may differ from the actual electricity sale price.
*8 Kikugawa-Ishiyama Solar, Inc., Kikugawa-Horinouchiya Solar, Inc., Ozu Solar T.K., Yokkaichi Solar T.K.,Nasu-Karasuyama Solar T.K., Karumai-West Solar T.K., Karumai-East Solar T.K. and Karumai-Sonbou Solar T.K. consider the impact of output curtailment caused by Utilities' grid construction in the vicinity of the RENOVA's Power Plant in full-year performance forecasts.
*9 RENOVA has invested in URE through Sensyu Holdings Co., Ltd., a subsidiary of RENOVA. Assuming that RENOVA directly owns URE's shares, RENOVA's substantial interests, calculated by multiplying URE's shares owned by Sensyu Holdings by RENOVA's equity in Sensyu Holdings, are 35.3%.
*10 The purchase price for wood biomass derived from thinned wood is 32 yen whereas that for general wood biomass is 24 yen.
3. Status of output curtailment
In June 2022, Each Electric Powers, Incorporated. issued an output control instruction and a part of power plants operated by RENOVA stopped generating electricity.
As the effect on the consolidated financial forecast for the fiscal year ended March 31, 2023 was minor, the total amount of power generation loss was 0.003% (Total power generation due to output restriction in June 2022) of the annual revenue plan for all power plants.
In the process of setting planned full-year figures for electricity sales, RENOVA takes into account certain output control risks and weather impact risks in the power generation business.
(Output curtailment by Power plant)
Power plant | Days of output curtailment | The percentage of total lost power generation |
(Figures in parentheses are | compared to the planned full-year figures for | |
annual totals.) | electricity sales of all solar power plants | |
operated by RENOVA. | ||
(Figures in parentheses are annual totals.) | ||
Kokonoe Solar power plant | 0 day (5 days) | -% (0.012%) |
Ozu-machi Solar power plant | 0 day (5 days) | -% (0.012%) |
Karumai-West Solar power plant | 0 day (2 day) | -% (0.025%) |
Karumai-East Solar power plant | 0 day(2 day) | -% (0.038%) |
Karumai Sonbou Solar power plant | 0 day (1 day) | -% (0.014%) |
Akita Biomass Power Plant | 0 day (4 days) | -% (0.012%) |
Kanda Biomass Power Plant | 1 day (28 days) | 0.003% (0.119%) |
[For inquiries, please contact] Kenichiro Nose, Investor Relations Tel: +81-3-3516-6263
Email: ir@renovainc.com
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Renova Inc. published this content on 08 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 July 2022 05:23:05 UTC.