Strategic business and capital partnership with Green Thermal
Investment Date: November 15, 2015
Green Thermal co.ltd. ("GT") is a leading developer of medium-sized biomass power plants in Japan, locally sourcing wood-based fuels. GT has strong advantages not only in developing these power plants but also in managing and operating them, including the procurement of domestic timber. The key executives' extensive experience and deep expertise in the forestry industry play a significant role in these operations.
Industry Perspectives
We are focusing on the development of local, community-based biomass power plants to establish a sustainable, resource-recycling society for the following reasons:
1. Biomass power plants provide a stable electricity supply and are considered the most promising base-load power plants in the renewable energy sector.
2. Unlike large-scale biomass power plants that primarily import fuel from overseas, community-based biomass power plants source their fuel from local, underutilized forest resources. This effective use of local resources not only improves conservation and maintenance efforts but also supports the prosperity of the Japanese forestry industry and aids in disaster prevention.
3. By utilizing existing transmission lines, electricity generated near the mountains can be delivered to customers at lower costs and with reduced greenhouse gas emissions. Our community-based biomass power plants can significantly contribute to the local economy by creating industries and employment opportunities directly within the communities where they are built. A portion of the electricity can be consumed locally, ideally achieving a 'locally produced, locally consumed' model of energy consumption.
Future Actions
Amid the trend of growing expectations towards renewable energies, we believe biomass power plants utilizing domestic wood as fuel will continue to bring value to the energy industry. By leveraging our financial arrangement capabilities, including principal investment, we will expedite the development of various biomass power projects in collaboration with GT.
Posted on November 13, 2015