The Japanese government is upholding the target of doubling the share of solar power in the country's energy mix for fiscal 2030. Solar power has been increasingly expected to become a mainstream next-generation energy that contributes to decarbonization. Recently, the solar PPA business (Note 1) has become more center of attention, in which electric power companies install and operate solar power generation facilities for electricity consumers in order to provide both electricity and environmental attributes for a long term.
Sun Trinity will promote the use of renewable energy by electricity consumers through the development and operation of the solar PPA business, thereby contributing to decarbonization. The company can utilize
By developing and promoting new electricity and energy services in a proactive manner,
Sunseap boasts the top market share in the distributed solar power generation business in the Southeast Asian region. In
(Note 1) Solar power purchase agreement (PPA) business:
There are two types of solar PPA businesses: 1) On-site PPA business, in which electric power companies install and operate solar power generation facilities on rooftops and other locations on the premises of electricity consumers and sell the generated electricity and environmental attributes to consumers; and 2) Off-site PPA business, in which electric power companies install and operate solar power generation facilities in places apart from electricity consumers' facilities and sell the generated power and environmental attributes to the consumers via power grids. Based on PPAs, electricity consumers can procure renewable energy in a stable manner on a long-term basis without making initial investments or paying the management cost.
(Note 2) VPP:
A virtual power plant (VPP) is a business in which distributed energy resources such as small renewable energy and storage battery facilities are controlled and operated in an integrated manner to function like one power plant for the provision of power grid services.
(Note 3) ESCO:
An energy service company (ESCO) is a business that proposes and provides systems, equipment and services that can help customers save energy. An ESCO receives payment based on the cost reduction achieved by the customers, including the reduction of their utility expenses.
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