PPA overview

Contract model and parties

Model:

Virtual

Generator:

Mizuho Leasing Co., Ltd.

みずほリース株式会社

Offtaker:

Kao

花王株式会社

Industry:

Consumer Products

Capacity and generation

T&D area:

-

Technology:

Solar

Capacity:

15.6MW (DC)

Inverter:

-

Generation:

16.2GWh/year

Status and timeline

Status:

Unknown

Disclosed:

April 28, 2023

COD:

2023/07 or later (expected)

Duration:

Undisclosed

Additional details

  • Mizuho Leasing will sell the generated power into the wholesale market and the renewable energy certificates to Kao; Kao will use the certificates at its Sumida Office
  • This VPPA will account for approximately 108% of the office’s annual consumption and will make power consumption at the office 100% additive renewable
  • This is Kao’s second corporate PPA and the first virtual PPA

Mizuho Leasing Co., Ltd.'s other PPAs

Kao's other PPAs

Monthly Report - The Japanese Power Industry Executive

Submit the form below to receive a sample issue of The Japan Power Industry Executive.