PPA overview

Contract model and parties

Model:

Physical (off-site)

Generator:

Sinanen Co., Ltd.

シナネン株式会社

Retailer:

Sinanen Co., Ltd.

シナネン株式会社

Offtaker:

Globeride, Inc.

グローブライド株式会社

Industry:

Sport Equipment Manufacturing

Capacity and generation

T&D area:

Tokyo

Technology:

Solar

Capacity:

-

Inverter:

-

Generation:

Status and timeline

Status:

Partially live

*

Disclosed:

May 22, 2023

COD:

Gradually from 2023/07 (expected)

Duration:

Undisclosed

* Presumed live based on the expected COD.

Additional details

  • Sinanen will develop solar power plants to supply power to Globeride’s headquarters in Higashi Kurume City, Tokyo, as well as the company’s Tokyo Factory
  • Globeride expects the PPA to result in a 3,600-ton annual reduction in CO2 emissions, accounting for about 45% of the company and its affiliate’s emissions in Japan
  • Globeride will start buying power with renewable energy credits from Sinanen from June 2023 and the PPA will gradually enter into operations from July 2023

Sinanen Co., Ltd.'s other PPAs

Globeride, Inc.'s other PPAs

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