Tokyu Land Corporation Launching short-term corporate PPA demonstrative efforts to spread renewable energy

Tokyu Land Corporation
Start of short-term corporate PPA demonstrative efforts to spread renewable energy
Supply of solar power to Takashimaya Yokohama and Takasaki stores
Takashimaya Co., Ltd. (Headquarters: Chuo-ku, Osaka, President: Yoshiro Murata, hereinafter “Takashimaya”), Tokyu Land Corporation (Headquarters: Shibuya-ku, Tokyo, President: Hiroaki Hoshino, hereinafter “Tokyu Land”), Reene Co., Ltd. (Headquarters: Shibuya-ku, Tokyo, CEO: Keisuke Nishida, hereinafter “Reene”), Digital Grid Co., Ltd. (Headquarters: Minato-ku, Tokyo, President: Yusuke Toyoda, hereinafter “Digital Grid”) The four companies are conducting a demonstration initiative for a large-scale off-site corporate PPA with a short-term contract in order to quickly transition to a decarbonized society and spread renewable energy (hereinafter referred to as “renewable energy”) in Japan. *1 will start for the first time. [Image 1d6953-140-8d4abf2acdf3a983443f-0.png&s3=6953-140-1ecc8fd926f2372945f57d61b9614a10-737x367.png
1. Outline of this corporate PPA
~ Building a new system that achieves both corporate decarbonization and diversification of power procurement methods
Unlike conventional non-fossil certificates*2, etc., the corporate PPA is a scheme in which consumers purchase renewable energy directly from power generators. Consumers will be able to procure additional renewable energy in a stable manner, while power generation companies will be able to promote investment in new power generation facilities by making it easier to raise funds.
However, corporate PPAs are based on long-term contracts, such as 15 or 20 years, and the environment surrounding energy is uncertain. There is also a point. This time, utilizing the short-term PPA services provided by Tokyu Land and Reene, which are working to overcome these issues, the four companies will work on the first off-site corporate PPA scheme for short-term contracts in Japan. Specifically, for two years from April 2023 to April 2025,
approximately 4 MW (rated capacity) of renewable energy generated by non-FIT solar power plants * 3 owned and developed by Tokyu Land will be Through Reene, we will utilize Digital Grid’s “Digital Grid Platform (hereinafter “DGP”) * 4″ to supply Takashimaya Yokohama and Takasaki stores.
2. Effects of this project and future prospects – Contributing to local farm management
In addition, based on this demonstration, we will consider additional PPA introduction to other Takashimaya stores in the future. In addition, we aim to collaborate in disseminating and enlightening efforts toward decarbonization, including renewable energy, by leveraging the strengths of the Takashimaya Group, which has department stores and shopping centers.
In addition, part of the power supplied this time was generated at a solar sharing (agricultural solar power generation) power plant in Higashimatsuyama City, Saitama Prefecture. As a result, agricultural business operators can earn income from both farming and land rent from solar power generation, which will lead to stable farm
management. be connected.
Through this demonstration, the four companies will establish procurement methods that are different from conventional ones, and contribute to the spread of renewable energy in Japan and the realization of a decarbonized society.
*1 For PPA contract services that can be contracted for a single year, where the power plant and demand facility are not contracted by the same corporation. (Surveyed by 3 companies (Digital Grid, Tokyu Land, Reene))
*2 A certificate that “visualizes” the “value of being derived from non-fossil power sources” that electricity generated from non-fossil power sources has. Electricity retailers are allowed to reduce CO2 emissions by using the electricity they sell to consumers. In Japan, from 2021, it will be possible for consumers themselves to procure electricity from the electricity market.
*3 Renewable energy-derived electricity that does not require certification under the FIT system, which obliges electric power companies to purchase renewable energy-derived electricity at a fixed price set by the government for a certain period of time. In addition to its value as electricity, it is also given environmental value, so it is recognized as the standard electricity for RE100.
*4 An “electricity exchange” that connects a wide variety of power sources and power demand in a peer-to-peer (P2P) manner, in addition to renewable energy sources. The main features of DGP are the following three points.
1. You can trade without professional qualifications for power trading or system investment
⇒ Increase the number of power trading players
2. Identify power sources (for example, only renewable energy can be selected and purchased)
⇒Facilitate the use of renewable energy
3. Automate complex tasks such as supply and demand adjustment with AI, etc. ⇒Generators can expect efficient sales of electricity, and consumers can expect electricity cost reductions, etc.
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■ Overview of non-FIT power plants
[Image 3d6953-140-e422944db28b6da92b5d-3.png&s3=6953-140-d90190add948d9af7d2a17b68cd10471-1616x219.png
[Image 4d6953-140-59db94f3bae67dc23f32-2.png&s3=6953-140-4139cda988054567cf6d3563be8c159a-531x300.png
Re-Energy Solar Farm Higashimatsuyama Solar Power Plant
Overview of Takashimaya
Name: Takashimaya Co., Ltd.
Location: 5-1-5 Namba, Chuo Ward, Osaka City, Osaka Prefecture Representative: Yoshiro Murata, President and Representative Director Business: Department store business, corporate business, mail-order business, group business
Capital: 66,025 million yen
Founded: August 20, 1919
■Overview of Tokyu Land Corporation
Name: Tokyu Land Corporation
Location: 1-21-1 Dogenzaka, Shibuya-ku, Tokyo
Representative: Hiroaki Hoshino, President and CEO
Business description: Comprehensive real estate developer
Capital: 57,551,699,228 yen
Established: December 17, 1953
■ Overview of renewable energy
Name: Reene Co., Ltd.
Location: 1-21-1 Dogenzaka, Shibuya-ku, Tokyo
Representative: Keisuke Nishida, Representative Director
Business description: Power generation business using renewable energy, etc., operation and ownership of power generation facilities, and business related to the supply and sale of electricity
Capital: 50,000,000 yen
Date of establishment: September 1, 2021
■ Overview of the digital grid
Name: Digital Grid Co., Ltd.
Location: Akasaka Enokizaka Building 3F, 1-7-1 Akasaka, Minato-ku, Tokyo Representative: Yusuke Toyoda, President and CEO
Business description: Power and environmental value trading platform business Capital: 50,000,000 yen
Established: October 16, 2017

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