Takeei Energy & Park has completed the conversion of its Takeei Solar Park Narita No. 2 facility, with a capacity of 1.5 MWAC/2.1 MWDC, from the feed-in-tariff (FIT) scheme to the feed-in-premium (FIP) system, its parent company announced on October 27. This marks the group’s first asset to operate under the new market-based mechanism.
The facility is located in Narita, Chiba Prefecture, on a former industrial landfill site. The electricity generated will be aggregated by Toshiba Energy Systems & Solutions and sold to Takeei Denki, the group’s internal power retailer. The energy will be supplied to the group’s infrastructure along with non-fossil fuel certificates (NFCs).
A FIT-certified asset from 2018
The project was certified under the FIT scheme during fiscal year 2018, when solar installations above 10 kW were guaranteed a purchase price of JPY18 per kWh for 20 years. This rate will serve as the reference price for calculating the FIP premiums until the original FIT contract expires in June 2040.
Takeei Solar Park Narita No. 2 is located adjacent to the company’s first solar plant, Takeei Solar Park Narita No. 1, with a capacity of 990 kWAC/1.3 MWDC. Commissioned in April 2014, the older facility continues to operate under a FIT contract priced at JPY40 per kWh until March 2034. Both assets are located on land previously used for waste storage.
Expanding the renewable asset portfolio
Takeei Energy & Park is a subsidiary of TRE Holdings, listed on the Tokyo Stock Exchange Prime Market, and historically active in waste treatment and recycling. The company is developing renewable energy projects as part of a long-term investment strategy aimed at reducing dependence on its legacy operations.
In addition to the Narita facilities, Takeei commissioned a 800 kWAC/1.3 MWDC solar plant earlier this year in Tochigi Prefecture. The company also holds stakes in six operational biomass plants, demonstrating an ongoing effort to structure a diversified energy asset portfolio.
