Chubu Electric Power Announces Long-Term Environmental Value Provision for Fukuyama Biomass Power Plant via Virtual PPA
Nagoya, Japan – July 30, 2025 – Chubu Electric Power Co., Inc. is pleased to announce a significant step forward in its commitment to supporting renewable energy development. The company has published details regarding its plan to provide the environmental value of the Fukuyama Biomass Power Plant through a Virtual Power Purchase Agreement (Virtual PPA). This initiative underscores Chubu Electric Power’s dedication to partnering with customers to facilitate the advancement of renewable energy sources.
The press release, titled “「福山バイオマス発電所」の環境価値をバーチャルPPAにより長期提供～お客さまと取り組む再エネ開発支援について～” (Long-Term Provision of Environmental Value from Fukuyama Biomass Power Plant via Virtual PPA ~ Regarding Support for Renewable Energy Development in Collaboration with Customers ~), was published on July 30, 2025, at 02:00 JST.
This new arrangement utilizing a Virtual PPA will enable Chubu Electric Power to offer the tangible environmental benefits associated with the Fukuyama Biomass Power Plant to its customers over an extended period. By decoupling the physical delivery of electricity from the purchase of its associated environmental attributes, Virtual PPAs provide a flexible and effective mechanism for businesses to procure renewable energy and demonstrate their commitment to sustainability.
The Fukuyama Biomass Power Plant represents a vital component of the region’s renewable energy portfolio, utilizing biomass as a fuel source to generate electricity. Biomass power plants play a crucial role in reducing greenhouse gas emissions by utilizing organic matter that would otherwise be discarded or decomposed, thereby contributing to a circular economy and a lower carbon footprint.
Through this Virtual PPA structure, Chubu Electric Power aims to create a stable and predictable framework for the procurement of environmental value. This stability is instrumental in encouraging further investment and development in renewable energy projects, including biomass power generation.
The initiative highlights Chubu Electric Power’s proactive approach to engaging with its customers and collaborating on the transition towards a more sustainable energy future. By offering this solution, the company empowers its clients to actively participate in and support the growth of renewable energy, aligning with their own corporate social responsibility goals and environmental targets.
This forward-thinking approach not only benefits the environment but also fosters stronger relationships between Chubu Electric Power and its customers, building a shared commitment to a decarbonized society. The company continues to explore and implement innovative solutions to accelerate the adoption of renewable energy and contribute to the realization of a sustainable future for all.
「福山バイオマス発電所」の環境価値をバーチャルPPAにより長期提供～お客さまと取り組む再エネ開発支援について～
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中部電力 published ‘「福山バイオマス発電所」の環境価値をバーチャルPPAにより長期提供～お客さまと取り組む再エネ開発支援について～’ at 2025-07-30 02:00. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.