#Japan #Renewable Energy #Tokyo #Octopus Energy #KG Solar

Octopus Energy Expands Renewable Energy Supply with KG Solar 1

In a significant move to enhance its renewable energy supply in Japan, Octopus Energy has entered into a Power Purchase Agreement (PPA) with KG Solar 1 LLC, a new subsidiary established by the Keiyo Gas Group. This partnership aims to procure solar-generated electricity, reinforcing Octopus Energy's commitment to delivering carbon-free renewable energy at attractive prices through innovative services.

The operational responsibilities for the development, maintenance, and management of the power plants will be handled by HSK, a company within the Octopus Energy group. With this PPA, Octopus Energy will expand its renewable energy procurement portfolio by adding approximately 50 small-scale solar power plants in the Kanto area, totaling a capacity of 5.0MW, which can supply energy equivalent to about 2,000 households.

This initiative is a crucial step toward securing a stable and long-term energy supply based on domestic resources, enabling Octopus Energy to further enhance its green plans offered at competitive prices. In the context of Japan's energy landscape, reducing dependence on foreign resources and promoting the use of domestic green power are key challenges. Octopus Energy is proactively utilizing renewable energy generated within Japan to achieve a balance between reducing environmental impact and alleviating household energy burdens.

Looking ahead, Octopus Energy is committed to expanding its renewable energy supply nationwide and deepening collaborations with proactive municipalities and businesses that support renewable energy initiatives. The ultimate goal is to accelerate the realization of carbon neutrality in Japan, contributing to a more sustainable society.

About Octopus Energy

Founded in 2016 in the UK, Octopus Energy has made significant strides in transforming the customer experience by providing green energy at affordable prices. The company's mission harnesses technology to deliver transparent services, reaching over 9 million households worldwide with renewable energy within just nine years of its inception.

Currently operating power retail businesses in eight countries—including Japan, the UK, Germany, New Zealand, the US, Spain, Italy, and France—Octopus Energy ventured into Japan by establishing a joint venture with Tokyo Gas, known as TG Octopus Energy, in 2021. Through its strong technological foundation and innovative service offerings, Octopus Energy is poised to become a leader in the renewable energy sector, fostering a cleaner, greener energy future.

For more information, visit Octopus Energy Official Site and check out their Official Blog.