NOK Introduces Group's First Offsite PPA, Procuring ~5% of Shizuoka Plant's Power from Renewables via Agrivoltaic Farming
NOK has signed its first offsite Power Purchase Agreement (PPA), procuring a portion of its Shizuoka plant's electricity from renewable energy through an agrivoltaic solar installation that coexists with local agriculture.
📋 Article Processing Timeline
- 📰 Published: March 28, 2026 at 01:10
- 🔍 Collected: March 28, 2026 at 21:59 (20h 48m after Published)
- 🤖 AI Analyzed: April 15, 2026 at 04:34 (414h 35m after Collected)
NOK Corporation (Head office: Shiba Daimon, Minato-ku, Tokyo; President & CEO: Masao Tsuru) has entered into an Offsite Physical PPA Service agreement with Chubu Electric Power Miraiz Co., Ltd. (Head office: Higashi Shinmachi, Higashi-ku, Nagoya, Aichi; President & CEO: Yasunori Kamiya) to procure renewable energy under a long-term contract.
Under this initiative, starting March 26, 2026, electricity generated at an agrivoltaic solar power plant in Kakegawa City, Shizuoka Prefecture will be supplied to NOK's Shizuoka Plant (Makinohara City, Shizuoka Prefecture). This is the first offsite PPA adoption within the NOK Group, and the company plans to procure renewable energy equivalent to approximately 5% of the Shizuoka Plant's annual electricity consumption.
The initiative adopts an "agrivoltaic" model in which local farmers grow lemons beneath the solar panels, aiming to reduce environmental impact while contributing to the local community.
Background and Purpose
The NOK Group is working toward carbon neutrality by 2050 under its long-term environmental vision "NOK Group Twin Green Plan 2030." Building on existing on-site solar installations on factory rooftops, this new initiative adds an additional renewable energy procurement channel to further accelerate the Group's decarbonization. The agrivoltaic model was chosen to better contribute to the local economy: the Kakegawa plant site (approx. 8,538 m²) enables simultaneous power generation and farming, with the goal of supporting the future of regional agriculture by helping secure farmers and building a more profitable agricultural model.
Projected Generation and CO₂ Reduction
・Annual generation: approx. 930,000 kWh (equivalent to ~5% of the Shizuoka Plant's annual consumption)
・CO₂ reduction: approx. 380 tonnes per year*
* Calculated using Chubu Electric Power Miraiz's FY2024 CO₂ emission results (adjusted emission factor).