Hulic Partners with Clean Energy Connect for Offsite Corporate PPA Services

Hulic Corporation (HLC), Hulic Energy Solution Co., Ltd. (HES), and Clean Energy Connect Co., Ltd. (CEC) have embarked on a collaboration to provide offsite corporate Power Purchase Agreement (PPA) services. This joint effort involves the establishment of a special purpose company focused on developing and operating around 800 non-FIT (feed-in-tariff) small solar power plants, collectively generating approximately 70 MW of additional renewable energy.

The energy produced will be supplied through HES, a retail electricity provider within the Hulic Group, to various facilities starting from July 2026 until March 2029. The initiative is aligned with Japan's goal of achieving carbon neutrality by 2050, a commitment that HLC enthusiastically supports by actively pursuing strategies to reduce greenhouse gas emissions.

Background and Expected Benefits

HLC has prioritized the reduction of Scope 2 and Scope 3 emissions and is making strides toward achieving 100% renewable energy use for its properties by 2029. This involves the development of new solar power generation facilities and other renewable energy sources.

Offsite corporate PPA services, which enable companies to source renewable energy in a stable and long-term manner, have garnered attention for their credibility in reducing environmental footprints. Moreover, utilizing decentralized energy models is expected to contribute positively to community coexistence and environmental sustainability.

The anticipated supply from this partnership is estimated to reach 73 GWh annually, accounting for about 20% of the group's yearly electricity consumption.