Nomura Real Estate and Clean Energy Connect Team Up for Carbon Neutrality

Collaboration for Carbon Neutrality

Nomura Real Estate Co., Ltd. and Clean Energy Connect Co., Ltd. have embarked on a significant partnership aimed at reducing CO2 emissions via the implementation of renewable energy sources. This move is part of Nomura Real Estate Group's broader strategy to achieve carbon neutrality.

Objectives of the Partnership

The collaboration will involve the establishment of a joint venture aimed at developing and operating micro solar power plants that are not reliant on the FIT (Feed-in Tariff) scheme. Approximately 550 non-FIT micro solar plants will be developed and managed under this initiative. The generated electricity and environmental value will be provided to the Nomura Real Estate Group, facilitating the implementation of off-site corporate Power Purchase Agreements (PPAs).

Nomura Real Estate Group is aggressively pushing for CO2 reductions throughout the entire supply chain, from urban development to the operational stage of its buildings, as it works towards realizing carbon neutrality by 2050. Key strategies include enhancing energy efficiency and adopting low-carbon business practices, making this partnership a vital facet of their broader sustainability efforts.

Contribution to CO2 Reduction Goals

This partnership will significantly contribute to Nomura Real Estate Group's sustainability goals. For context, the renewable energy integration from this initiative will amount to approximately 52.5 million kWh per year, equating to about 40% of the Group's purchased electricity (Scope 2) for the fiscal year ending March 2025. Their mid- and long-term targets set ambitious CO2 reduction goals, aiming for a reduction rate of 60% for Scope 1 and 2 and 50% for Scope 3, surpassing the Paris Agreement's