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Toshiba Corporation
Toshiba Group has introduced a Virtual Power Purchase Agreement (VPPA) for the use of electricity at Smart Community Center, Kawasaki City, Toshiba Group Kawasaki headquarters, and together with the purchases of FIT non-fossil certificated, the Center will be virtually 100% powered by renewable energy sources from April 2023.
VPPA is a method whereby electricity consumers can virtually procure only the environmental value of renewable energy generated at power plants located outside the premises of the electricity consumer, and in this scheme, Toshiba Energy Systems & Solutions Corporation acts as an aggregator that adjusts the balance between supply and demand for electricity.
The VPPA is expected to cover the generation of approximately 630,000 kWh of renewable energy per year, with CO2 reduction effect of 244 tons per year, which is equivalent to about 9.0% of the total electricity consumption of the entire Kawasaki Smart Community Center estimated in FY2023. At the Smart Community Centre, we have achieved 100% renewable energy by combining VPPA and FIT non-fossil certificates and allocating the remaining amount to FIT non-fossil certificates.