Renewable Energy Project Development Business
SAAM Group is currently developing renewable energy projects overseas. As of 31 December 2019, SAAM Group successfully developed 2 biomass power projects in Japan, namely SAAM Oita 01 Biomass Power and SAAM Oita 02 Biomass Power, each with installed capacity of 19.9 MW. Such projects are developed through project companies which are subsidiaries of SJE established in Japan, namely BMP-3 and BMP-4, respectively. Both projects have received Grid Interconnection Approval issued by a private electric company and METI Certification issued by the Ministry of Economy, Trade and Industry (“METI”), Japan. SAAM Group has entered into agreement with client in specifying the scope of project development and delivery for 1 of the 2 projects, and is currently progressing with additional developments in accordance with client requirements to proceed with hand over as reflected in the terms of the agreement.
Development Process
Projects
- LocatedOita City, Oita Prefecture
- Land Area70,000 square meters
- Operating Under BMP-3
- Installed Capacity 19.90 MB
- FiT JPY 24 per kWh
- Offtaker Kyushu Electric Power
- Feedstock Wood Pellets and PKS
- LocatedOita City, Oita Prefecture
- Land Area70,000 square meters
- Operating Under BMP-3
- Installed Capacity 19.90 MB
- FiT JPY 24 per kWh
- Offtaker Kyushu Electric Power
- Feedstock Wood Pellets and PKS
