PPA overview

Contract model and parties

Model:

Physical (hybrid on-/off-site)

Generator:

Sustech, Inc.

株式会社Sustech

Offtaker:

Nitori Holdings

株式会社ニトリホールディングス

Industry:

Retail

Capacity and generation

T&D area:

-

Technology:

Solar

Capacity:

80MW (DC)

Inverter:

-

Generation:

100GWh/year

Status and timeline

Status:

Partially live

*

Disclosed:

July 8, 2022

COD:

By FY2030 (expected)

Duration:

20

* Presumed live based on the expected COD.

Additional details

  • Sustech will develop and install new solar power plants on Nitori store and distribution warehouse rooftops and sell the generated power to Nitori at a fixed price
  • The PPA is expected to be rolled out at 27 stores and 3 warehouses by the end of 2023 and at 180 stores and warehouses by FY2030
  • The project will use the FIP scheme and excess power will be sold using the Sustech-developed platform ELIC

Image(s)

Sustech, Inc.'s other PPAs

Nitori Holdings's other PPAs

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