Prologis (Chiyoda-ku, Tokyo), the Japanese subsidiary of US-based ProLogis, engaged in the development of logistics facilities, has signed an external virtual PPA (power purchase agreement) with Sapporo Real Estate Development Company (Shibuya-ku). , Tokyo) We will provide the environmental value of the solar power generation equipment installed at Park Koga 4. The agreement was signed on October 2.
Virtual PPA business plan
(Source: Prologis)
Prologis Park Koga 4 is being built in Koga City, Ibaraki Prefecture and completed in May 2023. The plan is to install solar power generation equipment with rooftop solar panels with a capacity of about 6MW and power generation
is expected to begin in November 2024. Annual power generation capacity is expected to be approximately 6,000MWh.
The virtual PPA signed this time will bring Sapporo Real Estate Development environmental value of about 4MW, equivalent to about 900 normal households. The remaining approximately 2MW will be consumed by Prologis Park Furukawa 4 and the company will consider transporting the excess electricity itself. Electricity will be supplied under a Green Purchase Agreement (GPA) using a feed-in premium (FIP) provided by Digital Grid (Minato-ku, Tokyo).
Sapporo Real Estate Development aims to convert 100% of electricity usage to renewable energy by 2040. The annual electricity supply through this virtual PPA is about 4,000 MWh, meeting about 15% of the electricity consumption of company and the expected CO2 reduction is about 2,000 tons.
In addition, parent company ProLogis announced on December 6 that the total output of solar power generation and storage batteries installed on the rooftops of logistics facilities has reached 500MW globally. This number is equivalent to the amount of electricity used by about 86,500 households in the US.
ProLogis aims to achieve net zero across its entire value chain by 2040, with an interim target of 1GW of solar generation and battery storage by 2025. Currently, the amount of solar power is the second largest on-site installation in the United States and total global capacity will be 378 MW of solar PV by September 2022, an increase of 32%. Furthermore, given the size of the facility being operated, the long-term installation scale of solar and battery storage is assumed to be a maximum of 6 GW.
