Amazon to buy solar power in Japan under PPA with Mitsubishi - report

Source: Greenskies Renewable Energy LLC (www.greenskies.com)

September 7 (Renewables Now) - Amazon.com Inc (NASDAQ:AMZN) is expected to sign a corporate power purchase agreement (PPA) with Japanese trader Mitsubishi Corp (TYO:8058) for the purchase of solar energy from 450 installations in Japan, The Nikkei reports.

Through Mitsubishi, the US e-commerce giant will buy electricity generated by solar plants installed by West Holdings Corp (TYO:1407) in the Tokyo Metropolitan area and Tohoku region. The Japanese trading house will be in charge of establishing the power aggregating system and will collect some of the electricity sales as commissions, the report says.

The contract will have a term of 10 years and will involve 22 MW of solar power supply.

West Holdings plans to have these new solar parks up and running by 2023, The Nikkei adds.

More stories to explore
Share this story
Newsletter
Tags
 
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription
\