Mitsui & Co., Ltd. Signs 18 MW Virtual PPA With NIKE Japan Group, LLC For Solar Energy Supply

Mitsui & Co. and its subsidiary MPS have signed a long‑term virtual power purchase agreement with NIKE Japan to supply renewable energy through Non‑FIT Non‑Fossil Certificates from 16 solar plants. A virtual power purchase agreement allows companies to buy the environmental value of renewable electricity without directly receiving the physical power. Instead, the electricity is supplied to the grid, while the environmental attributes are transferred through certificates. The VPPA covers 18 MW of capacity—3 MW from new projects and 15 MW from recently built solar plants—enabling NIKE Japan to source 100% renewable electricity for its facilities nationwide. The agreement supports Japan’s growing corporate renewable energy market and advances both companies’ climate goals while strengthening investment in domestic solar development.
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