Sinto Kogyo Concludes Agri-Photovoltaic Off-site PPA Service Agreement with Chubu Electric Power Miraiz, Commencing Use of Locally Produced and Consumed Renewable Energy
NQ Score
75/100
AI Summary (NQ-processed)
Sinto Kogyo Co., Ltd. has signed an agri-photovoltaic off-site PPA service agreement with Chubu Electric Power Miraiz Co., Inc. This initiative will enable three of Sinto Kogyo's business sites in Aichi Prefecture to use solar power, expecting an annual electricity consumption of approximately 610,000 kWh and a reduction of about 252 tons of CO2 emissions. Chubu Electric Power Miraiz will procure electricity from a solar power plant installed by Agrigascom Co., Ltd. in Toyokawa City and supply it to Sinto Kogyo's facilities for 20 years. This effort is part of Sinto Kogyo's decarbonization goals.
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Frequently Asked Questions
- Q: Which company did Sinto Kogyo sign a PPA agreement with?
- A: They signed an agri-photovoltaic off-site PPA service agreement with Chubu Electric Power Miraiz Co., Inc.
- Q: How much CO2 emissions are expected to be reduced annually by this agreement?
- A: An annual reduction of approximately 252 tons of CO2 emissions is expected.
- Q: What is the duration of the electricity supply?
- A: The contract period is 20 years.