Nissin Foods Holdings disclosed its first PPA on May 26, 2025, a 2MW off-site solar deal with Kansai Electric Power and its affiliate KDS Solar LLC.
Under the PPA, KDS Solar will build small-scale solar power plants, with commissioning set to begin in June 2025. Kansai EPCO will act as the scheme’s retailer. Once fully operational, the TSE Prime-listed instant noodles and other packaged food maker expects to procure about 3.8GWh annually through the deal for its Kansai and Shiga factories, both located in Ritto City, Shiga Prefecture.
The companies are planning to implement an hourly generation and consumption matching trial for the PPA sometime during FY2025. “We will use [the insights] to reduce CO2 emissions by time-shifting power usage, create factory production plans, and develop optimization technologies for renewable energy and batteries,” said Kansai EPCO.
KDS Solar is a joint venture between Kansai EPCO (33.4%), Daiwa Energy & Infrastructure (33.3%), and SMFL Mirai Partners (33.3%). When it was launched in February 2023, the company targeted an up to 150MW portfolio of 49.5kW power plants in Kansai, Chubu, and Tokyo TSO areas by the end of FY2025 under 20-25-year PPAs sleeved by Kansai EPCO. It partnered with Eco Style on development, MUFG Bank on financing, and Smart Energy on asset management.
According to Japan Energy Hub’s PPA database, KDS Solar previously signed multiple other PPAs, including with Sumitomo Electric (4.6MW), Skylark Holdings (1.4MW), and McDonald’s Japan (4MW).
