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Abashiri Biomass 2nd Power Plant Commences Commercial Operation

Abashiri Biomass Power 2 LLC.
Abashiri Biomass Power 3 LLC.
Japan Petroleum Exploration Co., Ltd.
MITSUBISHI GAS CHEMICAL COMPANY, INC.
SMFL MIRAI Partners Company, Limited
TOKYO ENERGY & SYSTEMS INC.
WIND-SMILE Co., Ltd.
Nippon Paper Lumber Co., Ltd.

Abashiri Biomass Power 2 LLC. and Abashiri Biomass Power 3 LLC. (hereinafter "the SPCs"), which are promoting the Abashiri Biomass 2nd & 3rd Power Plants Project (hereinafter "the project") in Abashiri City, Hokkaido, and its six sponsors of the project, which are Japan Petroleum Exploration Co., Ltd. (JAPEX), MITSUBISHI GAS CHEMICAL COMPANY, INC., SMFL MIRAI Partners Company, Limited, TOKYO ENERGY & SYSTEMS INC., WIND-SMILE Co., Ltd. (WS), and Nippon Paper Lumber Co., Ltd. (hereinafter "the six sponsors") announced that the Abashiri Biomass 2nd Power Plant commenced its commercial operation today.

This project is based on the Abashiri Biomass 2nd & 3rd Power Plants (hereinafter "the plants"), which have an output capacity of 9,900kW for each (total of 19,800kW). The plants use 100% domestic wood chips made from woods in Hokkaido as fuel and sell approximately 140 million kWh of electricity per year for Hokkaido Electric Power Network, Inc. by the FIT system.

With the start of construction in September 2020 and commissioning from May in this year, the 2nd plant commenced its commercial operation today. The 3rd plant has been in construction and aims to commence its commercial operation in February 2023.

Then, the six sponsors, which are highly interested in carbon-neutral business such as the development of renewable energy power generation and the contribution to local economy, participate in the project by investing in the SPCs. The six sponsors support the SPCs' works and have been entrusted with the specific works in the project from the SPCs.

The outline of the agreement is as below. In addition, please refer to the appendix for the outline of the power plants and the SPCs.

The SPCs and the six sponsors will contribute to increase the power generation from renewable energy systems and to develop the local economy, with the understanding and support from local stakeholders.

Please refer the PDF version for the appendix including the outline and photos.

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Please note that the information in the news is as of the announcement date and may be subject to change without notice.

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