Ashikaga Bank subsidiary installs solar panels at four prefectural facilities through on-site PPA
Business overview
(Source: Ashikaga Bank)
A subsidiary of Ashikaga Bank, Korettochi (Utsunomiya City), will install solar power generation equipment at three and four prefectural facilities in Tochigi Prefecture through an on-site PPA (power purchase agreement) model. The announcement was made on June 25th.
Koretochi will install solar power generation equipment at the four target facilities as a PPA operator, own and maintain it, and supply the generated electricity. EPC (engineering, procurement, construction) and O&M (operation and maintenance) services will be handled by Fujii Sangyo (Utsunomiya City).
At the "Health and Environment Center" in Utsunomiya City, solar panels with an output of approximately 570 kW will be installed. The expected annual power generation is approximately 500,000 kWh, and the annual CO2 reduction effect is expected to be approximately 240 tons.
At the "Fisheries Research Station" and "Nakagawa Water Park" in Otawara City, solar panels with an output of approximately 940 kW will be installed. The expected annual power generation is about 890,000 kWh, and the annual CO2 reduction effect is about 420 tons.
The Children's Science Museum in Utsunomiya City will have solar panels with an output of about 340 kW. The expected annual power generation is about 350,000 kWh, and the annual CO2 reduction effect is about 160 tons.
Tochigi Prefecture has formulated the Tochigi Prefectural Office Zero Carbon Project Action Plan as an action plan to achieve carbon neutrality in 2050. The prefecture aims to reduce the prefectural office's greenhouse gas emissions by 80% by 2030 compared to fiscal 2013, and this is one of the concrete measures to achieve this.
Collettochi is a company that promotes other banking businesses under the Banking Act, and is involved in the sale of local products and e-commerce operations. In September 2023, the company announced its entry into the electricity business in order to promote local production and consumption of renewable energy. This will be the first solar power generation project using the PPA model.
