#Japan #Osaka #Heiwa Real Estate #Daigas Energy #Osaka Securities

Heiwa Real Estate's Innovative Off-Site Corporate PPA Implementation

Heiwa Real Estate Co., Ltd., headquartered in Tokyo, has recently taken a significant step towards sustainable energy use by signing its first Off-Site Corporate Power Purchase Agreement (PPA) with Daigas Energy, a wholly owned subsidiary of Osaka Gas. This initiative is taking place at its flagship facility, the Osaka Securities Exchange Building, showcasing a commitment to integrating renewable energy solutions into urban infrastructures.

Understanding Off-Site Corporate PPA

The core of Heiwa's initiative is the Off-Site Corporate PPA, which aims to reduce carbon emissions linked to energy usage in one of Osaka's central business districts. By leveraging newly established solar power facilities that will generate dedicated renewable energy, Heiwa aims to procure energy at a fixed rate for approximately 20 years. This model will mitigate risks from energy market price fluctuations while concurrently increasing the percentage of renewable energy in their holdings.

Key Components of the PPA

1. Energy Procurement Scheme: Heiwa will acquire renewable energy from newly built solar facilities located outside the Osaka Securities Exchange Building. The procurement will be facilitated through Daigas Energy, acting as the agent for Osaka Gas.
2. Management of Residual Energy: Any energy requirements not covered under this PPA will also be sourced as renewable energy, thereby ensuring that the total energy usage of the building transitions towards sustainability.

Goals and Impacts of This Initiative

Heiwa’s strategy emphasizes several critical areas:

• - Focus on Additionality: The PPA aims to enhance the effectiveness of introducing renewable energy. By relying on newly established energy sources, the firm bolsters its commitment to sustainability.
• - Stability of Procurement: Engaging in long-term contracts for renewable energy strengthens operational planning and ensures a stable energy supply.
• - Promotion of Environmentally Friendly Operations: The company’s overall approach combines sustainability measures with investments in energy efficiency. They anticipate utilizing about 8 million kWh of renewable energy annually, resulting in an estimated reduction of CO2 emissions by approximately 3,300 tons each year.

Future Developments

Looking ahead, Heiwa is committed to achieving carbon neutrality by 2050. This initiative at the Osaka building is seen as a crucial step to broaden the usage of renewable energy while enhancing the operational efficiency of buildings. By supporting tenants’ business activities, Heiwa aims to elevate the value of its properties in the sustainable market.

Commitment to SDGs

As a “Bazukuri Company,” Heiwa Real Estate takes environmental and societal challenges seriously. Through continuous dialogue with stakeholders, they strive to enhance community satisfaction and contribute to a sustainable society aligning with the United Nations' Sustainable Development Goals (SDGs).

Company Overview

Founded in 1947 in Japan’s economic hub of Kabutocho, Heiwa Real Estate has played a pivotal role in revitalizing securities districts across cities like Tokyo, Osaka, Nagoya, and Fukuoka. The company aims to weave its historical assets with innovation, striving to deliver value for future generations.

• - Company Name: Heiwa Real Estate Co., Ltd.
• - Established: July 1947
• - CEO: Kiyoyuki Tsuchimoto
• - Headquarters: 1-10 Kabutocho, Chuo-ku, Tokyo, Japan 103-0026
• - Website: Heiwa Real Estate

Heiwa’s forward-thinking policies not only enhance its operational prowess but also significantly contribute to a greener environment for the communities they serve.