UPDATER (Setagaya-ku, Tokyo), Cosmo Energy Holdings group companies Cosmo Eco Power (Shinagawa-ku, Tokyo), and Cosmo Energy Solutions (Chuo-ku, Tokyo) announced on May 9 that wind power generation owned by Cosmo Eco Power announced that it has started supplying electricity through negotiated transactions without using the feed-in tariff (FIT) system at two locations.
Non-FIT Power Supply Scheme for Wind Power
(Source: UPDATER)
An initiative based on a joint demonstration contract signed by the three companies on March 28. The aim is to accumulate business know-how for non-FIT power supply in wind power generation and to realize supply of renewable energy power with reduced price fluctuation risk to consumers by directly contracting electricity retailers of power generation companies. .
Reyue Wind Farm
(Source: Cosmo Eco Power)
The Reike Wind Power Plant in Rumoi City, Hokkaido has an output of 2.96 MW (740 kW wind turbines x 4 units). The windmill is made by NEG Meekon of Denmark. It started operation in November 2001 and applied FIT with the start of FIT in 2012. The purchase price is 20.36 yen/kWh. After the expiration of the FIT in 2022, we evaluated the soundness of the facilities and economic efficiency, and decided to continue operation through negotiated transactions.
Goto Hassakuhana Wind Farm
(Source: Cosmo Eco Power)
The Goto Hassakuhana Wind Farm in Goto City, Nagasaki Prefecture has an output of 1.2 MW (1.2 MW x 1 unit). The windmill is made by UNISON in Korea. It will start operation in March 2021, and the purchase price will be 22 yen/kWh. Transitioned to feed-in-premium (FIP) in April 2023. When FIT power sources are procured through specified wholesale supply, they are affected by market prices, but such risks can be avoided by moving to FIP.
Cosmo Energy Solutions will act as an electricity retailer to procure electricity from the Reyu Wind Farm and supply it to consumers. At the Goto Hassakuhana Wind Power Station, Updater's retail electricity business Minna Denryoku will procure electricity and supply it to consumers.
In addition, Minna Denryoku plans power generation plans, imbalance management, etc., and aims to acquire operational know-how for the power generation business. Power generation prediction uses the power generation prediction system using the AI prediction model provided by Minna Denryoku and the prediction system of Cosmo Eco Power.
The three companies will work on non-FIT power supply at wind farms as an advanced case in Japan, and will also work on stable power supply by utilizing storage batteries. In addition, utilizing the know-how acquired, through direct negotiations with local companies and local governments, wind power generation will be developed into a stable regional power source with little price fluctuation, aiming for coexistence and co-prosperity between wind power generation and the region.
