NEG Signs Off-site PPA for Solar Power with Kansai Electric Power

Nippon Electric Glass Co., Ltd. (Head Office: Otsu, Shiga, Japan; President: Akira Kishimoto; “NEG”) has entered into an off-site physical power purchase agreement (PPA)^*1 with The Kansai Electric Power Company, Incorporated (Head Office: Osaka, Japan; Director, Representative Executive Officer, President: Nozomu Mori; “Kansai Electric Power”).

Under the agreement, NEG will procure, through Kansai Electric Power and on a long-term basis, electricity generated by rooftop solar power facilities owned by a third party and environmental value^*2. Beginning in March 2027, NEG will procure electricity and environmental value from these facilities in Hyogo and Kyoto Prefectures for 20 years and expects to reduce CO₂ emissions by approximately 600 tons annually.
_{*1 An off-site physical PPA is a long-term agreement under which an electricity consumer procures, through an electric utility, electricity generated at an off-site renewable energy facility and the associated environmental value.
*2 Environmental value refers to the added value of renewable electricity, namely, that it does not emit CO₂.}

NEG is working to reduce CO₂ emissions at its sites in Japan and overseas with the goal of achieving carbon neutrality by 2050. To date, NEG has entered into VPPA^*3 and introduced solar power generation at its own sites, among other initiatives. The conclusion of this off-site physical PPA is part of these efforts.

NEG will continue to help prevent global warming through the procurement of renewable electricity and environmental value.
_{*3 VPPA (Virtual Power Purchase Agreement) is a long-term agreement under which an electricity consumer purchases only the environmental value of renewable electricity generated at an off-site facility.}

[Related Press Releases]
Virtual Power Purchase Agreement (VPPA) for Solar Power Signed in Malaysia(July 25, 2024)
NEG Begins Solar Power Generation Utilizing the Self-wheeling System at the Shiga-Takatsuki Plant (February 17, 2026)
Solar Power Generation Facility Begins Operation at Xiamen Site in China(July 8, 2026)

・Type of power plant: Solar power generation
・Planned power plant sites: Hyogo and Kyoto Prefectures
・ Scheduled start of power generation: March 2027
・ Contract period: 20 years
・ Annual power generation forecast: Approx. 1.5 GWh (equivalent to the annual electricity consumption of approx. 380 average households)