Mitsubishi Corporation signs Japan’s first long-term corporate PPA for online retail giant Amazon


TOKYO, September 8, 2021 – (JCN Newswire) – Mitsubishi Corporation (MC) is pleased to announce that it has signed a Long Term Power Purchase Agreement (Corporate PPA), whereby it will provide power to data centers owned and operated by Amazon’s subsidiary Amazon Web Services, Inc. (AWS). Hosted by MC Retail Energy Co., Ltd., this Corporate PPA represents the first use of renewable energy by Amazon in Japan.

Under the terms of the deal, West Holdings Corporation will build and maintain around 450 solar power plants (with a total installed capacity of around 22 megawatts) for Amazon and provide the online retailer with wholesale electricity. The subsidiaries of MC Mitsubishi Corporation Energy Solutions Ltd. and ElectroRoute will also be involved. The first will manage the construction of solar installations and provide technical support, while the second will forecast the yields of the installations and cover imbalances in electricity production *. The duration of this Corporate PPA is approximately ten years, with commercial operations scheduled to begin in April 2023.

MC aims to double its renewable energy production in 2019 by 2030 and to completely eliminate fossil fuels and CO2 emissions from its power generation portfolio by 2050. Amazon demonstrates a similar commitment to decarbonize. The company has set itself the goal of using only renewable energy by 2025 and is now taking global steps to develop it and source more green electricity.

The first such agreement with Amazon from Japan, this Corporate PPA was made possible by MC’s international work in producing renewable energy to meet the needs of the online retail giant. This will be MC’s second renewable energy deal with Amazon, following the one signed earlier this year whereby MC’s subsidiary Eneco will supply the retailer with electricity produced by the Holland Kust Noord offshore wind farm.

With increasing global pressure on governments and businesses to tackle climate change, many companies are urgently looking for ways to switch to renewable energy and reduce greenhouse gas emissions generated by their operations. While working on decarbonization, MC remains committed to reducing its CO2 emissions through independent initiatives. We will work proactively to reduce greenhouse gases through the development and supply of renewable energy.

* Investments to cover the costs induced by imbalances between supply and demand which occur when solar energy productions do not correspond to their initial forecasts.

Source: Mitsubishi Corporation

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