PPA overview

Contract model and parties

Model:

Physical (on-site)

Generator:

TESS Engineering Co., Ltd.

テス・エンジニアリング株式会社

Offtaker:

Nippon Life Insurance Company

日本生命保険相互会社

Industry:

Insurance

Capacity and generation

T&D area:

Kyushu

Technology:

Solar

Capacity:

0.35046MW (DC)

Inverter:

-

Generation:

0.29GWh/year

Status and timeline

Status:

Upcoming

Disclosed:

July 12, 2024

COD:

2025/02 (expected)

Duration:

20

Additional details

  • TESS Engineering will develop a solar power plant at Nissay Logistics Center Tosu in Tosu City, Saga Prefecture; the power plant will use 594 590W Jinko Solar panels
  • The generated power is expected to account for approximately 45% of the facility’s consumption and result in approximately 124t per year CO2 emission reduction
  • TESS Engineering will also install a 1.9MW power plant expected to generate 2.1GWh per year on the facility’s rooftop and monetize the generated power using the FIP scheme and wholesale market among other ways

Image(s)

TESS Engineering Co., Ltd.'s other PPAs

Nippon Life Insurance Company's other PPAs

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