PPA overview

Contract model and parties

Model:

Physical (off-site)

Generator:

Suntech Energy Development Co., Ltd.

サンテックエナジーディベロップメント株式会社

Retailer:

TEPCO Energy Partner

東京電力エナジーパートナー株式会社

Offtaker:

Sumitomo Life Insurance Co., Ltd.

住友生命保険相互会社

Industry:

Insurance

Capacity and generation

T&D area:

Tokyo

Technology:

Solar

Capacity:

1.7MW (DC)

Inverter:

-

Generation:

Status and timeline

Status:

Live

*

Disclosed:

March 5, 2024

COD:

2024/12 (expected)

Duration:

Undisclosed

* Presumed live based on the expected COD.

Additional details

  • Suntech Power Japan’s subsidiary Suntech Energy Development will develop five solar power plants to supply eight office buildings in Kanto area owned by Sumitomo Life Insurance
  • The five power plants will be located in Gyoda City, Saitama Prefecture; Midori City, Gunma Prefecture; Azuma District, Gunma Prefecture; Fuji City, Shizuoka Prefecture (Chubu T&D area); and Hokota City, Ibaraki Prefecture
  • Combined with separately procured renewable energy certificates, Sumitomo Life Insurance expects to procure approximately 1.21GWh worth of renewable power per year

Suntech Energy Development Co., Ltd.'s other PPAs

Sumitomo Life Insurance Co., Ltd.'s other PPAs

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