Nomura Real Estate and Clean Energy Connect Launch 550 Solar Projects in Japan
Nomura Real Estate and Clean Energy Connect have initiated a joint renewable energy project comprising 550 solar plants across Japan. This venture marks a shift from government subsidies to corporate power purchase agreements (PPAs), with annual generation expected to be 52.5 million kWh, covering 40% of Nomura's electricity needs. The project supports Nomura's goal of reducing carbon emissions by 60% by 2030 and includes features for community resilience during disasters.
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Nomura Real Estate and Clean Energy Connect are developing approximately 550 small-scale solar power plants in Japan under corporate power purchase agreements (PPAs). This initiative will provide about 52.5 million kWh of electricity annually, meeting nearly 40% of Nomura's electricity needs while reducing reliance on government subsidies.
The project aligns with Nomura's carbon neutrality strategy, aiming to cut electricity-related emissions by 60% by 2030. Each site will have emergency power outlets for local residents during disasters. This collaboration reflects a growing trend in Japan toward corporate PPAs as companies pursue stable renewable energy sources amidst evolving policies favoring market-driven mechanisms.
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