RENOVA (JP:9519) has released an update.
RENOVA, Inc. reports fluctuating electricity sales from its renewable energy power plants in Japan, with a year-to-date change of -2.4% compared to the plan, and a slight decline of 0.9% compared to the previous year. Despite minor output control instructions by Each Electric Powers, Incorporated affecting generation in July 2024, the overall impact on the annual revenue plan was negligible at 0.002%. The company’s proactive measures anticipate output control and weather-related risks in their planning for the fiscal year ending March 31, 2025.
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