What is an Off-site Corporate PPA?

It is a contract where a company purchases electricity over a long period from a remote renewable energy power plant via the transmission and distribution network.

How much CO₂ will be reduced by this agreement?

Approximately 8,000 tons of CO₂ emissions are expected to be virtually reduced annually at Keio Corporation's target facilities.

Why did Keio Corporation adopt this PPA?

To promote the utilization of renewable energy and reduce CO₂ emissions towards achieving its carbon neutrality goal by fiscal year 2050.

AI News NQ Analysis

Marubeni Shin Denryoku Concludes Off-site Corporate PPA with Keio Corporation

NQ Score 50/100

AI Summary (NQ-processed)

Marubeni Shin Denryoku and Keio Corporation signed an off-site corporate PPA to supply renewable energy, reducing Keio's CO₂ emissions by approximately 8,000 tons annually.

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Frequently Asked Questions

Q: What is an Off-site Corporate PPA?: A: It is a contract where a company purchases electricity over a long period from a remote renewable energy power plant via the transmission and distribution network.
Q: How much CO₂ will be reduced by this agreement?: A: Approximately 8,000 tons of CO₂ emissions are expected to be virtually reduced annually at Keio Corporation's target facilities.
Q: Why did Keio Corporation adopt this PPA?: A: To promote the utilization of renewable energy and reduce CO₂ emissions towards achieving its carbon neutrality goal by fiscal year 2050.