On March 1, 2025, Chubu Electric Power Group’s Cenergy commissioned a solar power plant on land owned by Nichias as part of an off-site PPA with the insulation and sealing materials manufacturer. Five days later, on March 6, 2025, Chubu EPCO signed a similarly structured deal with Ogaki Kyoritsu Bank.
Both of the PPAs involve the construction of a ground-mounted solar power plant on unused land owned by the offtaker situated away from the demand center. Both are 20-year deals with Chubu Electric Power Miraiz serving as the retailer between the generators and the offtakers.
The live deal with Nichias involves the supply of power from a 1.5MWDC asset to Nichias Fukuroi Factory in Fukuroi City, Shizuoka Prefecture. The annual generation of about 2GWh is expected to reduce the facility’s power-related annual emissions by approximately 9%. It is unclear if the facility is already procuring renewable energy through other means.
Under the PPA with Ogaki Kyoritsu Bank, Chubu EPCO will build and operate a 1.7MWDC/1.25MWAC solar power plant on unused land adjacent to the bank’s training facility in Yoro Town, Gifu Prefecture. Construction work is expected to begin in August 2025 with commissioning planned for March 2026. The 1.9GWh of power expected to be generated annually will be delivered to the bank’s main branch in Ogaki City, Gifu Prefecture, and nine other facilities.
According to the Japan Energy Hub PPA database, this is the first publicly disclosed PPA for both offtakers. Chubu EPCO Group has disclosed over 30 PPAs to date. The two deals highlight one of the ways companies in Japan are looking for suitable project sites amid land availability constraints.
