Toshiba signs solar VPPA for Kawasaki centre in Japan

• Toshiba Corp (TYO:6502) and its energy company unit Toshiba Energy Systems & Solutions Corp (ESS) entered into a virtual power purchase agreement (VPPA) to offset the electricity-related carbon footprint of its team organization headquarters in Kawasaki, Japan.

The deal will aid Toshiba cover 100% of the headquarters' energy requires with renewables since April 2023.

ESS will certainly act as the aggregator for the VPPA, responsible for balancing the power supply in between Satsuma Green Power No. 2 Photovoltaic Power Plant and the Smart Community Center in Kawasaki City.

The solar park will supply yearly some 510,000 kWh of clean power, enough to satisfy around 7.3% of the centre's approximated total power usage in 2022, along with countered regarding 224 tonnes of carbon dioxide (CO2) per year, the company claimed in the press release.

Smart Community's remaining power needs will be virtually sourced with feed-in tariff (FiT) Non-Fossil Certificates. This mix will certainly cover every one of its power consumption with renewable resource, Toshiba noted.