Mitsubishi to sell renewable energy certificate to major Apple supplier

Mitsubishi to sell renewable energy certificate to major Apple supplier
Mitsubishi Corp. (Mitsubishi) plans to sell renewable electricity certificates that buyers can use as offsets for their energy consumption i.e., a so-called virtual power purchase agreement – the first such certificate will go to Murata Manufacturing (Murata), an electronic components maker and major Apple supplier. EOG Facebook Mitsubishi to sell renewable energy certificate to major Apple supplier Digital platform - EOG

Mitsubishi to sell renewable energy certificate to major Apple supplier

Mitsubishi Corp. (Mitsubishi) plans to sell renewable electricity certificates that buyers can use as offsets for their energy consumption i.e., a so-called virtual power purchase agreement – the first such certificate will go to Murata Manufacturing (Murata), an electronic components maker and major Apple supplier.

Under the new agreement, Mitsubishi will build a solar power plant and deliver generated electricity to the utilities market; Mitsubishi will also sell renewable energy certificates to buyers who want to use them as offsets. The purchaser of a certificate might not necessarily use renewable electricity, but the certificate still acts as an offset.

The certificate offered by Mitsubishi will detail where and how the electricity is produced, and its veracity will be guaranteed by Mitsubishi.

The Japanese trading company aims to invest more than 10 billion yen (USD74 million) to develop 70-megawatt solar power plants in Japan by the end of March 2026 before issuing the certificates.

Mitsubishi will first sell certificates worth 100 million kilowatt-hours (kWh), which will gradually be increased 300 million kWh, or about 10% of Murata’s annual power use.

These non-fossil fuel certificates typically trade for 0.3 yen per kWh, and will be sold with some premium.

Virtual power supply agreements are already widely used in the West: McDonald’s, for instance, purchased certificates worth a total of 380 megawatts from several renewable power plants. Apple, in an effort to achieve zero carbon dioxide emissions from the production and use of its products by 2030, and has asked its business partners to use 100% renewable energy. Failure to achieve this could result in the loss of deals. Murata, a major supplier of the tech giant, is hurrying to respond to this requirement.

2 Trackbacks & Pingbacks

  1. https://www.timesunion.com/marketplace/article/phenq-reviews-17525542.php
  2. เน็ต ais รายวัน

Comments are closed.