NTT Facilities Inc announced Aug 26, 2019, that it has concluded a contract to supply electricity generated at its solar power plant with Izumo Togo Electronics Corp (Izumo City, Shimane Prefecture).
With the "F Green Power" service, NTT Facilities will build "F Green Izumo Solar Power Plant" by renting idle land on the premises of Izumo Togo Electronics' headquarters/factory. Electricity generated at the plant will be consumed at the headquarters/factory. With 530.9kW of solar panels, the plant is expected to generate about 604MWh of electricity per year.
As a result, the renewable energy introduction ratio of the headquarters/factory will become about 33%, and CO2 emissions are expected to be reduced by about 300t per year. The plant is scheduled to be completed in March 2020.
The manufacturers of solar panels and PV inverters have not been decided yet. The contract period is 20 years. After the end of the period, NTT Facilities will pay for the cost of removing the plant. Also, the plant can be transferred if Izumo Togo Electronics wishes.
The latest project is an on-site service that is called "third-party ownership model" or "PPA model." For its F Green Power service, NTT Facilities provides an off-site service of supplying renewable energy-derived electricity generated from various power sources including the company's power plants via the power transmission/distribution networks of general power transmission/distribution companies, in addition to the on-site service.