FPS began supplying Maersk Group’s APM Terminals Japan with solar power under a 20-year off-site PPA on April 1, 2026, the company announced on May 12, 2026.
According to the statement, the newly developed solar plants total 5.5MW and are all located in the Tokyo TSO area. FPS, which sleeves the delivery to the operator of Maersk’s terminal at the Port of Yokohama, will also supply the portion not covered by the PPA through a retail plan. The owner of the generation assets was not disclosed.
“The installed capacity of the facilities has been optimized to maximize solar consumption while ensuring real-time matching and physical delivery requirements,” said APM Terminals. It added that “early benefits [of the long-term PPA] are already being realized amid the ongoing volatility in energy markets.”
Previously, the GLP-owned FPS disclosed participation in a virtual PPA between Kaihan unit KR Energy No. 1 and Amazon Data Services Japan as an aggregator and in a physical PPA between SymEnergy and Nomura Real Estate Private REIT as a retailer sleeving the delivery of solar power. The company also partnered with Idemitsu Kosan subsidiary Solar Frontier on FIT-to-FIP conversion support services.
The deal with APM Terminals highlights growing interest in hourly-matching and deliverability amid the expected revision of the GHG Protocol.
