PPA overview
Contract model and parties
Model:
Virtual
Generator:
Iino Kaiun Kaisha, Ltd.-owned SPC
飯野海運出資SPC
Offtaker:
Iino Kaiun Kaisha, Ltd.
飯野海運株式会社
Industry:
Logistics
Capacity and generation
T&D area:
-
Technology:
Solar
Capacity:
0.5MW (DC)
Inverter:
-
Generation:
0.72GWh/year
Status and timeline
Status:
Upcoming
Disclosed:
April 4, 2025
COD:
2025/12 (expected)
Duration:
Undisclosed
Additional details
- Iino Kaiun’s wholly-owned SPC will build the Akita Sarukawa Solar Power Plant on JAPEX’s land in Oga City, Akita Prefecture, and deliver the generated non-fossil certificates to Iino Kaiun
- Iino Kaiun will use the certificates to decarbonize the office buildings it owns; it expects the volume to account for approximately 3% of its Tokyo buildings’ consumption
- The PPA is part of a partnership signed between Iino Kaiun and JAPEX as part of which they plan to develop approximately 30MW of solar by 2030
