Investment in a biomass power plant in Wakayama

Investment Highlights

GT is a pioneer in Japan in developing medium-sized biomass power plants that primarily use unutilized wood materials as fuel. We believe that securing fuel sources and ensuring safe, stable operation and maintenance are critical to the success of biomass power plant businesses.

With a background in the forestry industry, the company has an advantage in building strong, long-lasting relationships with forestry companies, enabling stable purchases of wood chips from a diverse network. GT is also experienced in the operation and maintenance of biomass power plants. We believe that employing local workers and sourcing fuel from local communities for these plants positively impact the local forestry industry.

We decided to invest in this project not just for our own profit, but also to drive the development of the local economy and forestry businesses. Following the first project in Yamagata Prefecture, this is the second biomass power plant we have developed with GT. The Kiyo Bank, Ltd., a prominent regional financial institution, led the project finance as the arranger and agent.

Future Actions

Although this power plant's performance has exceeded our expectations so far, we will continue to carefully monitor its operation, given that it is a 20-year project. We will also actively explore investment opportunities in developing medium-sized biomass power plants in collaboration with GT.