Mizuho Bank, Mizuho Lease, and SB Power (Minato-ku, Tokyo), a SoftBank Group electricity retailer, announced on March 31 that they have concluded a power purchase agreement (PPA) for electricity derived from solar power that does not rely on the feed-in tariff (FIT) system. ) and announced that it has started supplying renewable energy power.
Mizuho Bank, Mizuho Leasing, and SB Power tie up
(Source: Mizuho Bank, SB Power)
Mizuho Leasing Group owns and operates a non-FIT solar power plant newly developed and supplies power to SB Power through an off-site PPA scheme. SB Power provides off-balance sheet solar-derived power and environmental value to its own power consumers.
There are about 24 non-FIT solar power plants with a total output of about 3.5MW. Annual power generation is expected to be approximately 4 million kWh. Operation began in stages from February to March. Partially utilized the 2021 supplementary budget "subsidy for promoting the introduction of solar power generation led by consumers".
SB Power will engage in the development of new services related to energy, such as the provision of renewable energy power services and the provision of power saving and energy saving services that utilize power big data analysis technology using proprietary AI while conducting the retail power business. Mizuho Group and SB Power aim to further promote collaboration.
Mizuho Leasing has concluded a capital and business alliance agreement with Ecostyle for the purpose of collaborating in the solar power generation business utilizing self-consignment and off-site PPA models. The development of this non-FIT solar power plant is said to be a business unrelated to the partnership with Ecostyle.
