#Japan #Nomi City #Hokuriku Electric #Marubeni New Power #Kaga Toshiba

Hokuriku Electric Power & Marubeni New Power Collaboration

In a significant move towards sustainability, Hokuriku Electric Power Company (Hokuriku Electric) and Marubeni New Power Corporation (Marubeni) have begun supplying renewable energy to Kaga Toshiba Electronics Co., Ltd. (Kaga Toshiba). This collaboration marks a pivotal step in boosting the use of renewable energy sourced from solar facilities, promising a substantial reduction in carbon dioxide emissions.

The Renewable Energy Initiative

The renewable energy supplied to Kaga Toshiba comes from multiple solar power plants. Marubeni serves as the aggregator, consolidating power generation from these sources before Hokuriku Electric supplies the energy to Kaga Toshiba through an off-site corporate Power Purchase Agreement (PPA). This initiative is projected to reduce CO2 emissions by approximately 13,000 tons annually, which is equivalent to the energy usage of about 5,000 households.

Future Goals and Commitment

Hokuriku Electric has set a target of developing over 1 million kW of renewable energy by the early 2030s as part of its new mid-term management plan. This target reflects the company's commitment to decarbonizing its energy sources, and the expansion of corporate off-site PPAs is crucial for achieving this goal.

On the other hand, Marubeni's strategy aligns with its parent company's mid-term management plan, GC2027, focusing on promoting green initiatives. As part of their commitment to contribute toward a decarbonized society, Marubeni is aiming to increase its renewable energy handling capacity to over 500,000 kW by 2030, progressively enhancing its supply to customers.

Off-Site Corporate PPA Explained

An off-site corporate PPA is a structure that involves setting up renewable energy sources, like solar power, away from the electricity demand locations. Through a retailer or other electricity providers, this setup efficiently supplies power to consumers at no upfront investment or operational costs for them. This model not only fosters the responsible use of renewable energy but also assists clients in meeting their sustainability goals.

Key Details of the Collaboration

• - Supply Recipient: Kaga Toshiba Electronics (Ishikawa Prefecture, Nomi City)
• - Retail Provider: Hokuriku Electric (Toyama Prefecture, Toyama City)
• - Aggregator: Marubeni New Power (Tokyo, Chiyoda City)
• - Energy Source: Solar Power
• - Total Generation Capacity: Approximately 24 MW
• - Annual Energy Production: Around 27 GWh
• - Projected CO2 Reduction: About 13,000 tons per year
• - Supply Start Date: June 2025 (20-year supply duration)

This collaboration indicates the profound impact of renewable energy initiatives in reducing carbon footprints while promoting sustainable operations. Both Hokuriku Electric and Marubeni pledge to continue their environmentally conscious business practices. They aim to leverage specialized wholesale power supply methods to further reduce CO2 emissions, thereby contributing to the establishment of a decarbonized society and the sustainable development of the regional community.

Contact Information

For inquiries, you can reach the Renewable Energy Department at Marubeni New Power Corporation at the following number: 03-3282-2350.