On December 27, 2024, KDDI Corporation (headquartered in Chiyoda-ku, Tokyo; President, Representative Director and CEO: Makoto Takahashi; "KDDI") and J-Wind Co., Ltd. (headquartered in Chuo-ku, Tokyo; Representative Director: Katsuya Toda; "J-Wind"), a Group company of Electric Power Development Co., Ltd. (headquartered in Chuo-ku, Tokyo; President and CEO: Hitoshi Kanno; "J-POWER") concluded a virtual PPA for an onshore wind farm.
A virtual PPA (a form of corporate PPA contract [Jump to the applicable section1]) is a means for electricity consumers to procure only the environmental value of renewable energy generated at a dedicated power plant constructed offsite.
J-Wind will upgrade the onshore wind power plant "Minami Osumi Wind Farm" in Minami Osumi Town, Kagoshima Prefecture, and will construct a new facility called "New Minami Osumi Wind Farm" (output capacity: 19,500 kW). Under this PPA, the environmental value with additionality (see footnote [Jump to the applicable section2]) generated from power generation will be provided to KDDI for a period of 20 years starting from the commencement of commercial operation. As a result, KDDI expects to be able to reduce CO2 emissions at its telecommunication base stations in the Kyushu area by approximately half in real terms.
In May 2024, KDDI established four environmental targets for the KDDI Group, including achieving net zero emissions by the end of fiscal 2040 in order to accelerate the shift to a decarbonized society. One of the targets is for "KDDI to aim for sourcing over 50% of the electricity it consumes from renewable sources with additionality," and this agreement is part of its effort toward achieving that goal. KDDI will continue to contribute to realizing a decarbonized society through various initiatives.
J-POWER has been developing various renewable energy businesses as a leader in renewable energy, including hydroelectric power, wind power, geothermal power, and solar power, since its establishment. J-POWER will continue to promote development by leveraging its expertise in renewable energy and contribute to achieving carbon neutrality, as stated in J-POWER BLUE MISSION 2050, by meeting the needs of customers through various sales approaches including virtual PPAs.
Going forward, both companies will continue to explore expansion of virtual PPAs to other regions to promote decarbonization.
