TEPCO Renewable Power

TEPCO Renewable Power, Incorporated (Tokyo Electric Power Renewable Power; abbreviated 東電RP in Japanese) is a Japanese renewable-energy generation company in the Tokyo Electric Power group. It was established in October 2019 as a wholly owned subsidiary of Tokyo Electric Power Holdings (TEPCO Holdings). In April 2020, TEPCO Holdings transferred its renewable generation business to the new company, including hydropower, solar and wind operations, as part of a move to give renewable energy a dedicated operating structure. The company’s core activity is generating electricity from renewable sources. At the April 2020 business transfer, its portfolio comprised 163 hydropower plants with maximum output of 9,873,360 kW, three solar power plants with maximum output of 30,000 kW, and two wind power plants with maximum output of 20,770 kW. The combined maximum output reported for these facilities was 9,924,130 kW. Electricity generated at its plants is sold wholesale to electricity retailers. The company is also registered as an electricity retailer and can sell and supply its own generation directly to end users. TEPCO Renewable Power has pursued development beyond Japan as well as the operation of its transferred domestic assets. The cited company history records an investment in a Vietnamese hydropower project in 2018, followed by the acquisition of Scottish offshore-wind developer Flotation Energy in 2022 and exclusive development rights for two floating offshore-wind areas off Scotland in 2023. These activities extend its interests across hydropower and offshore wind, while its corporate origin and principal generation portfolio are tied to TEPCO’s Japanese operations.

TEPCO Renewable Power was formed as part of Tokyo Electric Power Holdings’ effort to establish a dedicated structure for renewable-energy generation. The supplied company-history account describes the context as a shift in energy policy and technology: renewable power was being positioned for a larger role in Japan’s energy mix, while the costs of solar and wind generation had declined during the 2010s. It also notes the Japanese government’s July 2018 Fifth Strategic Energy Plan, which set out a policy of making renewable energy a principal power source. In October 2019, Tokyo Electric Power Holdings established Tokyo Electric Power Renewable Power, Incorporated as its wholly owned subsidiary. The group’s stated rationale for separating the generation business included raising the profile of renewable energy, enabling faster decision-making and creating a structure suited to securing financing for renewable development. The company was created to take over TEPCO Holdings’ renewable generation operations. The transfer took effect in April 2020. TEPCO Holdings moved its Renewable Power Company and Wind Power Business Promotion Office operations to the new subsidiary, and approximately 1,100 people transferred from the holding company. Shares held by TEPCO Holdings in Tokyo Electric Power Company and Eurus Energy Holdings were also transferred to the new company. At the transfer point, the reported operating portfolio consisted of 163 hydropower plants, three solar plants and two wind plants, with total maximum output of 9,924,130 kW. The company sells electricity generated at its facilities wholesale to electricity retailers and is itself registered to retail electricity, allowing it to supply end users directly. The company’s overseas development activity predates the operational transfer. In November 2018, it entered overseas business through an investment in the Coc San hydropower project of Vietnamese power producer Lao Cai Renewable Energy. Its international activity later expanded into offshore wind. On November 1, 2022, it acquired all issued shares of Scottish offshore-wind developer Flotation Energy. On March 27, 2023, through Flotation Energy, it obtained exclusive development rights for two floating offshore-wind areas off Scotland; the reported operating periods for both areas extend to 2063. Together, these developments describe a company built from TEPCO’s renewable generation operations and subsequently engaged in international project development and acquisition. The supplied account identifies hydropower, solar and wind as its generation fields and records both wholesale sales and the possibility of direct retail supply. It does not provide later operating-capacity updates, current leadership details or a more recent account of the overseas projects’ development status.

• Japan's Fifth Strategic Energy Plan sets out a policy of making renewable energy a principal power source.

• The company entered overseas business through investment in the Coc San hydropower project in Vietnam.

• Tokyo Electric Power Holdings established Tokyo Electric Power Renewable Power as a wholly owned subsidiary.

• TEPCO Holdings transferred its renewable generation operations to the company; approximately 1,100 employees moved to the subsidiary.

• The company acquired all issued shares of Flotation Energy.

• Through Flotation Energy, the company obtained exclusive development rights for two floating offshore-wind areas off Scotland.

A TEPCO Group generation company dedicated to renewable power, with a large Japanese hydropower portfolio and development interests that include overseas hydropower and offshore wind.

• Hydropower generation

  Electricity generated by the company's hydropower plants.

• Solar power generation

  Electricity generated by the company's solar power plants.

• Wind power generation

  Electricity generated by the company's wind power facilities, including its reported offshore-wind development interests.

1. 1東京電力リニューアブルパワーja.wikipedia.org
2. 2TEPCO Renewable Powerwikidata.org