Regarding Procurement and Sale of Non-FIT Low-Voltage Solar Power Plants for Chubu Electric Power
Marubeni Power Retail Corporation has signed a sales agreement with Chubu Electric Power Co., Inc. for 400 Non-FIT low-voltage solar power plants (40MW) in the Chubu area. Marubeni Power Retail will procure and sell the plants, which Chubu Electric will operate. This initiative aims to accelerate the adoption of renewable energy in Japan and contribute to a decarbonized society.
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- 📰 Published: May 15, 2026 at 23:00
- 🔍 Collected: May 15, 2026 at 14:32
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Marubeni Power Retail Corporation has concluded a sales and purchase agreement with Chubu Electric Power Co., Inc. (hereinafter, "Chubu Electric Power") for 400 Non-FIT (*1) low-voltage solar power plants (40MW) in the Chubu area (hereinafter, "this project").
Project Overview
In this project, Marubeni Power Retail aims to procure 400 low-voltage solar power plants (40MW) in the Chubu area by fiscal year 2027 and sell them to Chubu Electric Power. Chubu Electric Power will be responsible for the operation and management of the power plants, and will provide clean electricity and environmental value to customers through the off-site PPA (*2) service of Chubu Electric Power Miraiz Co., Inc.
Background and Significance
In the 7th Strategic Energy Plan announced by the Ministry of Economy, Trade and Industry in February 2025, the goal is to raise the ratio of renewable energy in the power generation mix to 40-50% by 2040, with solar power accounting for 23-29% of that, making it the largest power source. Since entering the solar power related business, Marubeni Power Retail has expanded its network for material procurement and construction both domestically and internationally, thereby possessing high procurement capabilities for solar power. Through their collaboration on this project, Marubeni Power Retail and the Chubu Electric Power Group aim to realize the rapid introduction of solar power in Japan.
Future Outlook
Marubeni Power Retail has systematized a swift and accurate project assessment scheme for the procurement of solar power plants. Leveraging its network and customer base, the company will further accelerate the introduction of renewable energy and contribute to the realization of a decarbonized society.
*1 Not covered by the Feed-in Tariff (FIT) system, being privately-led and independent.
*2 A contract where a company directly contracts with a power producer to purchase electricity over a long period. It is widely used for procuring renewable energy through direct power supply and trading of environmental value.
Company Overviews
■ About Marubeni Power Retail Corporation
[Marubeni Power Retail Corporation]
Company Name: Marubeni Power Retail Corporation (a wholly-owned consolidated subsidiary of Marubeni Corporation)
Location: Marubeni Building, 1-4-2 Otemachi, Chiyoda-ku, Tokyo
Representative: Atsushi Suzuki, President and CEO
Business: Electricity sales and purchase business, and its agency, representation, and brokerage, etc.
Capital: 100 million yen
Established: January 2011
■ About Chubu Electric Power Co., Inc.
[Chubu Electric Power Co., Inc.]
Company Name: Chubu Electric Power Co., Inc.
Location: 1 Higashi-shinmachi, Higashi-ku, Nagoya, Aichi
Representative: Kingo Hayashi, President & Director, Chief Executive Officer
Business: Renewable energy business, nuclear power business, overseas business, community support infrastructure related business, etc.
Established: May 1, 1951
Project Overview
In this project, Marubeni Power Retail aims to procure 400 low-voltage solar power plants (40MW) in the Chubu area by fiscal year 2027 and sell them to Chubu Electric Power. Chubu Electric Power will be responsible for the operation and management of the power plants, and will provide clean electricity and environmental value to customers through the off-site PPA (*2) service of Chubu Electric Power Miraiz Co., Inc.
Background and Significance
In the 7th Strategic Energy Plan announced by the Ministry of Economy, Trade and Industry in February 2025, the goal is to raise the ratio of renewable energy in the power generation mix to 40-50% by 2040, with solar power accounting for 23-29% of that, making it the largest power source. Since entering the solar power related business, Marubeni Power Retail has expanded its network for material procurement and construction both domestically and internationally, thereby possessing high procurement capabilities for solar power. Through their collaboration on this project, Marubeni Power Retail and the Chubu Electric Power Group aim to realize the rapid introduction of solar power in Japan.
Future Outlook
Marubeni Power Retail has systematized a swift and accurate project assessment scheme for the procurement of solar power plants. Leveraging its network and customer base, the company will further accelerate the introduction of renewable energy and contribute to the realization of a decarbonized society.
*1 Not covered by the Feed-in Tariff (FIT) system, being privately-led and independent.
*2 A contract where a company directly contracts with a power producer to purchase electricity over a long period. It is widely used for procuring renewable energy through direct power supply and trading of environmental value.
Company Overviews
■ About Marubeni Power Retail Corporation
[Marubeni Power Retail Corporation]
Company Name: Marubeni Power Retail Corporation (a wholly-owned consolidated subsidiary of Marubeni Corporation)
Location: Marubeni Building, 1-4-2 Otemachi, Chiyoda-ku, Tokyo
Representative: Atsushi Suzuki, President and CEO
Business: Electricity sales and purchase business, and its agency, representation, and brokerage, etc.
Capital: 100 million yen
Established: January 2011
■ About Chubu Electric Power Co., Inc.
[Chubu Electric Power Co., Inc.]
Company Name: Chubu Electric Power Co., Inc.
Location: 1 Higashi-shinmachi, Higashi-ku, Nagoya, Aichi
Representative: Kingo Hayashi, President & Director, Chief Executive Officer
Business: Renewable energy business, nuclear power business, overseas business, community support infrastructure related business, etc.
Established: May 1, 1951