Chuden Miraiz Launches Innovative Off-site Physical PPA Service Utilizing Kida Hydroelectric Power Station, Fostering Regional Industry and Sustainability
Nagoya, Japan – September 2, 2025 – Chuden Miraiz Co., Ltd., a prominent energy service provider and subsidiary of Chubu Electric Power Co., Inc., today announced the commencement of its new off-site physical Power Purchase Agreement (PPA) service. This pioneering initiative will leverage the Kida Hydroelectric Power Station, a key renewable energy asset, to support regional businesses in their transition towards sustainable energy practices. The service is designed to facilitate the replacement (repowering) of aging hydroelectric power facilities, thereby contributing to both the decarbonization efforts of local companies and the revitalization of the regional energy infrastructure.
This new service marks a significant step forward in Chuden Miraiz’s commitment to providing advanced and tailored energy solutions. By enabling businesses to procure electricity generated from the Kida Hydroelectric Power Station through an off-site physical PPA, companies can secure a stable and predictable supply of renewable energy without the need for on-site installations. This is particularly beneficial for businesses that may have limitations regarding space or capital investment for solar panels or other distributed generation systems.
A core component of this initiative is the direct support for the repowering of the Kida Hydroelectric Power Station. Hydroelectric power plants, while a vital source of clean energy, often require significant investment for modernization and upgrades to maintain their efficiency and operational lifespan. Through this PPA structure, Chuden Miraiz is actively contributing to the financial viability of these essential infrastructure projects. By ensuring the continued operation and modernization of the Kida Hydroelectric Power Station, the service not only secures a source of renewable electricity but also preserves and enhances the local clean energy generation capacity.
The collaboration with regional companies is a cornerstone of this new service. Chuden Miraiz recognizes the critical role that local businesses play in the economic vitality of the region. This PPA service empowers these companies to actively participate in the energy transition, setting ambitious environmental, social, and governance (ESG) goals and demonstrating a commitment to sustainability. By providing access to clean, locally sourced renewable energy, Chuden Miraiz aims to strengthen the competitiveness of these businesses while fostering a more resilient and environmentally conscious regional economy.
Key benefits of the off-site physical PPA service include:
- Guaranteed Renewable Energy Procurement: Businesses can secure a long-term supply of electricity generated from a specific renewable source, providing cost predictability and meeting corporate sustainability targets.
- Contribution to Decarbonization: By sourcing electricity from the Kida Hydroelectric Power Station, participating companies can significantly reduce their carbon footprint and contribute to achieving national and international climate goals.
- Support for Regional Renewable Energy Infrastructure: The service directly supports the vital repowering of hydroelectric power stations, ensuring the continued availability of clean energy and promoting the modernization of critical infrastructure.
- Reduced On-site Installation Burden: Unlike on-site PPAs, this off-site model eliminates the need for physical installation of renewable energy generation equipment at the customer’s premises, simplifying adoption.
- Fostering Regional Economic Development: The initiative aims to create a symbiotic relationship between energy providers and local businesses, promoting mutual growth and sustainability within the region.
Chuden Miraiz expresses its sincere hope that this new service will be instrumental in accelerating the adoption of renewable energy among regional enterprises and will contribute to a more sustainable and prosperous future for the communities it serves. The company remains dedicated to exploring innovative energy solutions that align with societal needs and environmental stewardship.
気田水力発電所を活用したオフサイト型フィジカルPPAサービスの提供開始 ～地域企業と取り組む水力発電所のリプレース支援の取り組み～
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中部電力 published ‘気田水力発電所を活用したオフサイト型フィジカルPPAサービスの提供開始 ～地域企業と取り組む水力発電所のリプレース支援の取り組み～’ at 2025-09-02 06:00. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.