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Regarding the investment participation in the operational mega solar power plants owned by Sonnedix.
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December 25, 2024
Osaka Gas Co., Ltd.
Osaka Gas Co., Ltd. (Representative Director: Masataka Fujiwara, hereinafter "Osaka Gas") has acquired a 40% shareholding each in two domestic FIT Photovoltaic Power Stations (hereinafter "this Power Station") from the global renewable energy (hereinafter "renewable energy") generation company Sonnedix Power Holdings Limited (CEO: Axel Thiemann, hereinafter "Sonnedix").
The electricity generated at this Power Station will be fully taken by Osaka Gas through specified wholesale supply *1 and combined with FIT non-fossil certificates *2 for supplying renewable energy electricity to environmentally conscious customers.
This will make six Power Stations in which Osaka Gas has invested in the plants owned by Sonnedix, resulting in a total generation capacity exceeding 0.2 million kW.
Osaka Gas and Sonnedix aim to further enhance the value of jointly owned Power Stations, including the installation of co-located Rechargeable Batteries. Additionally, new power source development utilizing Corporate PPAs *4 will be considered in the future.
The Daigas Group aims to expand its contribution to the proliferation of renewable energy to 5 million kW by FY2030, in addition to self-development and Shareholding both domestically and internationally, and with the addition of this Power Station (approximately 0.04 million kW), the contribution to renewable energy proliferation will amount to approximately 3.24 million kW. By continuing to promote the expansion of renewable energy, it will contribute to the realization of a low-carbon and decarbonized society.
| ＊1： | Regarding renewable electricity identified from the generator, it is agreed in advance between the retail electricity operator and the generator to supply it wholesale, and to supply renewable electricity from the distribution and transmission operator to the retail electricity operator through the distribution network managed by the distribution and transmission operator in the area where the power station is located. |
| ＊2： | This is a certificate that denotes the environmental value of electricity derived from non-fossil energy sources certified under the Feed-in Tariff (FIT) system. |
| ＊3： | Past press releases. Regarding the investment participation in the three domestic Photovoltaic Power Stations owned by Sonnedix (announced on October 25, 2022). Here is the web page.  [Approximately 0.13 million kW]Regarding the investment participation in the Sano Photovoltaic Power Station held by Sonnedix (announced on November 15, 2023) Here is the web page.  [Approximately 0.04 million kW] |
| ＊4： | Abbreviated as Power Purchase Agreement, it is a method of electricity supply and procurement in which a power generation operator and a retail electricity operator enter into a long-term, fixed-price electricity purchase contract. |
| ＊5： | Including projects under Construction or already decided and Electricity sources applicable to the FIT system. |
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The Daigas Group's challenge towards achieving a Carbon Neutrality society by 2050.
