34.5 Megawatt Biomass Project Planned for Japan
- September 16, 2014, New Generation Power
[[{"type":"media","view_mode":"media_large","fid":"286","attributes":{"alt":"","class":"media-image","style":"line-height: 20.6719989776611px; width: 255px; height: 255px; margin: 3px 10px; float: left;"}}]]New Generation Power International, a leading global renewable energy company, will develop three 11.5 Megawatt (MW) wood biomass plants in Japan.
Together, Chicago-based New Generation Power International (NGPI) and Nippon Energy Solution, Inc. (NES) will launch a new wood-based biomass energy generation venture that will construct three separate facilities located in the Japanese regions of Miyazaki and Kagoshima.
Expected to break ground around April 2015, the project will be capable of generating 248 GWh of electricity annually, the equivalent of powering 44,000 households and cost an estimated $169.67 million USD.
With a strong presence throughout Japan and a robust relationship with the local economies of Miyazaki and Kagoshima, NES will be responsible for the project’s development, operation and fuel supply. Synergy Power Solutions and Artha Energy Resources will advise the transaction.