Takashimaya and Marubeni Shin Denryoku Sign Contract for Renewable Energy Procurement via Off-site PPA at Nihombashi Takashimaya S.C. Main Building
Takashimaya and Marubeni Shin Denryoku have signed an off-site PPA contract to procure renewable energy for the Nihombashi Takashimaya S.C. Main Building. This initiative aims to reduce Takashimaya's environmental impact, promote ESG management, and contribute to a decarbonized society through solar power.
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Takashimaya Co., Ltd. (Head office: Chuo-ku, Osaka; President: Yoshiro Murata; hereinafter "Takashimaya") and Marubeni Shin Denryoku Co., Ltd. (Head office: Chiyoda-ku, Tokyo; President: Atsushi Suzuki; hereinafter "Marubeni Shin Denryoku"), a consolidated subsidiary of Marubeni Corporation, have signed a contract regarding an initiative utilizing an off-site PPA (*1) for the supply of renewable energy (hereinafter "RE") electricity derived from solar power plants at Nihombashi Takashimaya S.C. Main Building. The supply of RE electricity is scheduled to commence sequentially.
This initiative involves Marubeni Shin Denryoku aggregating RE electricity generated at multiple solar power plants and supplying it to Nihombashi Takashimaya S.C. Main Building through an off-site corporate PPA. After the commencement of RE electricity supply, Takashimaya aims to reduce the environmental impact associated with its business activities by switching a portion of the electricity used at Nihombashi Takashimaya S.C. Main Building to RE.
The Takashimaya Group is promoting ESG management, aiming to balance the resolution of social issues with business growth, in order to fulfill its role as a platform supporting daily life, culture, and local communities. As part of this, since participating in RE100, the group has been progressively promoting RE conversion tailored to facility characteristics, primarily focusing on the use of virtually 100% RE electricity (*2). Moving forward, the group will continue to view "the global environment" as an important stakeholder and promote initiatives to achieve a decarbonized society in collaboration with customers, local communities, and business partners.
Marubeni Shin Denryoku, in accordance with the Marubeni Corporation's medium-term management strategy "GC2027," is promoting "Green Initiatives" and will contribute to the realization of a decarbonized society and a sustainable society through renewable energy electricity.
*1 Off-site PPA (Off-site Power Purchase Agreement) is a mechanism by which a company procures electricity and environmental value from a renewable energy power plant located separately from its own facilities, based on a long-term contract.
*2 Electricity that has "non-fossil value (environmental value)" derived from non-fossil power sources such as RE, which is certified and has attribute information (tracking information) such as the power plant location attached, enabling it to comply with RE100.
■ Company Overview
[Marubeni Shin Denryoku Co., Ltd.]
Company Name: Marubeni Shin Denryoku Co., Ltd. (A 100% owned consolidated subsidiary of Marubeni Corporation)
Location: Marubeni Building, 1-4-2 Otemachi, Chiyoda-ku, Tokyo
Representative: Atsushi Suzuki, President and CEO
Business Activities: Electricity trading business and its agency, representation, and brokerage, etc.
Capital: 100 million yen
Establishment Date: January 2011
[Takashimaya Co., Ltd.]
Company Name: Takashimaya Co., Ltd.
Location: 5-1-5 Namba, Chuo-ku, Osaka
Representative: Yoshiro Murata, President and CEO
Business Activities: Department store business, corporate business, mail-order business, group business
Capital: 66,025 million yen
Establishment Date: August 20, 1919
[Contact for this matter]
Marubeni Shin Denryoku Co., Ltd. Renewable Energy Business Department
Phone Number: 03-3282-2350
E-mail: saiene@denki.marubeni.co.jp
This initiative involves Marubeni Shin Denryoku aggregating RE electricity generated at multiple solar power plants and supplying it to Nihombashi Takashimaya S.C. Main Building through an off-site corporate PPA. After the commencement of RE electricity supply, Takashimaya aims to reduce the environmental impact associated with its business activities by switching a portion of the electricity used at Nihombashi Takashimaya S.C. Main Building to RE.
The Takashimaya Group is promoting ESG management, aiming to balance the resolution of social issues with business growth, in order to fulfill its role as a platform supporting daily life, culture, and local communities. As part of this, since participating in RE100, the group has been progressively promoting RE conversion tailored to facility characteristics, primarily focusing on the use of virtually 100% RE electricity (*2). Moving forward, the group will continue to view "the global environment" as an important stakeholder and promote initiatives to achieve a decarbonized society in collaboration with customers, local communities, and business partners.
Marubeni Shin Denryoku, in accordance with the Marubeni Corporation's medium-term management strategy "GC2027," is promoting "Green Initiatives" and will contribute to the realization of a decarbonized society and a sustainable society through renewable energy electricity.
*1 Off-site PPA (Off-site Power Purchase Agreement) is a mechanism by which a company procures electricity and environmental value from a renewable energy power plant located separately from its own facilities, based on a long-term contract.
*2 Electricity that has "non-fossil value (environmental value)" derived from non-fossil power sources such as RE, which is certified and has attribute information (tracking information) such as the power plant location attached, enabling it to comply with RE100.
■ Company Overview
[Marubeni Shin Denryoku Co., Ltd.]
Company Name: Marubeni Shin Denryoku Co., Ltd. (A 100% owned consolidated subsidiary of Marubeni Corporation)
Location: Marubeni Building, 1-4-2 Otemachi, Chiyoda-ku, Tokyo
Representative: Atsushi Suzuki, President and CEO
Business Activities: Electricity trading business and its agency, representation, and brokerage, etc.
Capital: 100 million yen
Establishment Date: January 2011
[Takashimaya Co., Ltd.]
Company Name: Takashimaya Co., Ltd.
Location: 5-1-5 Namba, Chuo-ku, Osaka
Representative: Yoshiro Murata, President and CEO
Business Activities: Department store business, corporate business, mail-order business, group business
Capital: 66,025 million yen
Establishment Date: August 20, 1919
[Contact for this matter]
Marubeni Shin Denryoku Co., Ltd. Renewable Energy Business Department
Phone Number: 03-3282-2350
E-mail: saiene@denki.marubeni.co.jp