PPA overview

Contract model and parties

Model:

Physical (hybrid on-/off-site)

Generator:

SMFL MIRAI Partners Co., Ltd.

SMFLみらいパートナーズ株式会社

Retailer:

Nippon Steel Engineering Co.,Ltd.

日鉄エンジニアリング株式会社

Offtaker:

YKK AP Inc.

YKK AP株式会社

Industry:

-

Capacity and generation

T&D area:

Tokyo

Technology:

Solar

Capacity:

1.7MW (DC)

Inverter:

-

Generation:

1.17GWh/year

Status and timeline

Status:

Live

Disclosed:

July 4, 2024

COD:

2023/10

Duration:

Undisclosed

Additional details

  • Sumitomo Mitsui Finance and Leasing’s subsidiary SMFL Mirai Partners developed a solar power plant at YKK AP’s Saitama Factory’s new building in Misato Town, Saitama Prefecture, which commissioned as part of an on-site PPA in October 2023
  • In May 2024, the PPA was expanded so that in addition to the generated power being consumed at the new factory, a portion of the generated power would also be delivered to the factory’s old building and to YKK AP Saitama Window Factory with Nippon Steel Engineering serving as a retailer
  • The new hybrid on-/off-site mode will allow the company to use 100% of the generated power as opposed to approximately 50% before
  • The PPA is expected to result in a 512 t/year reduction in CO2 emissions

Image(s)

SMFL MIRAI Partners Co., Ltd. 's other PPAs

YKK AP Inc.'s other PPAs

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