PPA overview

Contract model and parties

Model:

Physical (off-site)

Generator:

No. 14 Japan Solar LLC

第十四日本ソーラー電力合同会社

Retailer:

TEPCO Energy Partner

東京電力エナジーパートナー株式会社

Offtaker:

Tokio Marine & Nichido Fire Insurance Co., Ltd.

東京海上日動火災保険株式会社

Industry:

Insurance

Capacity and generation

T&D area:

Tokyo

Technology:

Solar

Capacity:

1.485MW (DC)

Inverter:

-

Generation:

3.2GWh/year

Status and timeline

Status:

Upcoming

Disclosed:

August 27, 2024

COD:

2025/12 (expected)

Duration:

Undisclosed

Additional details

  • No. 14 Japan Solar LLC, an SPV established by Daini Denryoku Co., Ltd., will develop 30 small solar power plants from which power will be supplied to three Tokyo Marine & Nichido-owned buildings via TEPCO Energy Partner
  • The buildings will include Tama Tokyo Marine & Nichido Building in Tama City, Tokyo; La Mer Sanbancho in Chiyoda City, Tokyo; and Sino Omiya South Wing in Saitama City, Saitama Prefecture
  • The PPA will account for approximately 20% of the buildings’ consumption and is expected to lead to approximately 1,290t-CO2/year emission reduction
  • This is TEPCO Energy Partner’s first PPA with a general insurance company

No. 14 Japan Solar LLC's other PPAs

Tokio Marine & Nichido Fire Insurance Co., Ltd.'s other PPAs

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