Nippon Electric Glass Signs its First VPPA for Solar Power

　Nippon Electric Glass Co., Ltd. (Head Office: Otsu, Shiga, Japan; President: Akira Kishimoto; “NEG”) has concluded a VPPA*1 (Virtual Power Purchase Agreement) for the first time with a renewable energy power generator.

　A VPPA is a means for a consumer to virtually obtain only the environmental value*2 of renewable electricity generated outside the consumer’s premises. It is a new way to introduce renewable electricity that became possible in Japan in 2022. What we aim to obtain with this initiative will be the environmental values derived from new solar power plants being built in Mie Prefecture by a power generator, and the actual CO₂ reduction effect will be approximately 770t-CO₂ per year.

　To achieve carbon neutrality by 2050, NEG has prepared an action plan for reducing CO₂ emissions and is promoting various initiatives. The conclusion of this VPPA is part of those efforts.

　The group will continue to expand the use of all-electric melting to more products and promote the development of technologies that contribute to carbon neutrality, as well as help prevent global warming by procuring renewable electricity and obtaining environmental values both internally and externally.