JERA and Ryohin Keikaku form MUJI ENERGY for solar projects in Japan

Japan’s power generation company, JERA and RyohinKeikaku have agreed to establish MUJI ENERGY LLC for solar projects. MUJI ENERGY is planned as a joint venture focused on renewable power generation. RyohinKeikaku holds 80% ownership and JERA holds 20%. The new company targets to develop 13 MW of solar capacity within one year. This covers 20% of RyohinKeikaku’s annual electricity consumption. CO2 emissions are expected to reduce by around 8,000 tons per year. JERA Cross, a JERA subsidiary, has signed a virtual power purchase agreement with RyohinKeikaku. The agreement enables RyohinKeikaku to procure environmental value from solar generation. RyohinKeikaku also plans to reduce total CO2 emissions by 50% by 2030. JERA continues its efforts for zero CO2 emissions by 2050.