Mitsui and Company Limited has signed a virtual power purchase agreement (VPPA) with NIKE Japan Group LLC to supply renewable energy certificates from domestic solar projects. The agreement has been executed through Mitsui’s subsidiary Mitsui and Company Project Solutions Limited. Under the deal, Mitsui will provide Non-FIT Non-Fossil Certificates generated by 16 solar power plants in the TEPCO Power Grid area. The contract covers 18 MW of capacity, including 3 MW from new solar projects and 15 MW from recently established facilities.
Mitsui said the arrangement will enable NIKE Japan to source renewable energy certificates equivalent to 100 per cent of the electricity consumed at its distribution centres, stores and offices in Japan.