Yosuke Kiminami, President & CEO, Renova, Inc
The shift towards renewable energy has become a matter of global imperative as countries ramp up efforts to mitigate climate change and lower greenhouse gas emissions. Paved by global pacts, sustainability objectives, and growing public awareness, numerous countries are making aggressive decarbonization targets and augmenting the deployment of clean energy technologies. This worldwide transformation is not only a matter of environmental imperative but also a strategic path toward long-term energy security, economic resilience, and technological progress.
Renewable resources like solar, wind, biomass, and geothermal energy are increasingly being fused into national power grids, backed by changing regulatory structures and financing incentives. Concurrently, new trends like power purchase agreements (PPAs), energy storage devices, and clean fuels like hydrogen and ammonia are transforming the way energy is generated, distributed, and used. Increasing demand for sustainable solutions is also driving new business models that buttress industrial decarbonization, prioritizing clean energy as the key driver in forging a greener and more sustainable future. Furthermore, as the global focus intensifies to clean energy transition and climate action, companies in renewable innovation are driving the charge towards a low-carbon future.
RENOVA, is among those drivers, dedicated to making meaningful contributions to the worldwide energy transformation through its composite renewable energy and green business ventures. While many countries across the globe are increasing their introduction of renewable energy, with ambitious national plans with an aim to promote decarbonization, RENOVA aims to contribute to addressing social challenges on a global scale to the greatest extent possible through a series of renewable energy power generation and operation businesses and Green Transformation businesses. To meet the increasing consumer demand, the company is also undertaking flexible development efforts in which it has a Non-FIT format, alongside the current FIT (Feed-in Tariff) supply format. The company is also creating new green businesses that contribute to decarbonization, that aims to achieve sustainable growth.
Multiple Energy Source Initiatives and Green business
RENOVA carries out all processes of renewable energy power generation projects, right from planning to operation. The strength of RENOVA lies in the fact that it utilizes experts in charge for the development and operation of various renewable energy power sources, such as solar, biomass, wind, and geothermal, and is able to design renewable energy power plants using the available resources of regions across the globe, particularly Asia.
The firm is also leveraging the knowledge developed in its power generation business to accelerate the growth of new businesses like PPA (power purchase agreements) with consumers in a Non-FIT (Feed-in Tariff) structure along with power supply in the current FIT structure, storage batteries that promote greater use of renewables, green hydrogen and ammonia, and fuel made from biomass.
Since its inception in 2000, RENOVA has always been working continuously to address environmental challenges through its business operations. The company is now rapidly developing and operating renewable power plants in Japan and overseas to address increasing global demand for renewable energy. RENOVA is also creating new green businesses that can help drive decarbonization across industries that are being led by global companies that are aiming to achieve sustainable growth.
Converting wind energy into electric power
There are two categories of wind power generation plants: onshore and offshore. It is possible that a high number of onshore wind power generation plants have already been built in Japan, and hopes are high for offshore wind power plants to be built in the future. RENOVA is involved in the forward-looking development of both wind energy generation projects.
RENOVA is also creating new green businesses that can help drive decarbonization across industries that are being led by global companies that are aiming to achieve sustainable growth
Solar photovoltaic power generation
Solar photovoltaic power generation (solar PV) utilizes the energy of the sun that falls upon us to produce electric power. RENOVA owns and operates solar PV power plants in Japan, in areas throughout the nation. RENOVA manages the whole process of developing power plants, from development through construction and maintenance, and ensure safe and stable operation of plants.
The Journey so far
Decarbonization of the swiftly developing nations and economies are crucial in addressing the environmental challenges of the globe. In order to push for decarbonization, RENOVA has set up operations centers in Singapore, South Korea, Vietnam, the Philippines, and Indonesia and is cultivating projects with close observation of the nature of renewable energy resources and the market growth time period in each nation.
"Local employees at our CSR in Japan, with the knowledge and experience to develop and operate renewable energy power plants, and employees at every site, with knowledge of the legal frameworks, business etiquette, culture, and others in the development area, collaborate to develop the business together with local companies," concludes Yosuke Kiminami, President & CEO, Founder.
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