09/05/2023
Murata Manufacturing Co., Ltd.
President: Norio Nakajima
Murata Manufacturing Co., Ltd. (hereinafter “Murata”) has entered into a virtual power purchase agreement (PPA) with Renova Inc. (Headquarters: Chuo-ku, Tokyo; Representative Director and President: Yosuke Kiminami, hereinafter “Renova”). Under the terms of this agreement, Murata will purchase non-FIT non-fossil fuel energy certificates*1 derived from the electricity generated at solar power plants developed by Renova. All solar power plants developed by Renova through this agreement will be newly built, contributing to Japan’s renewable energy procurement carbon neutrality goals *2.
Image of Transaction with Renova
In recent years, rising sea levels and temperatures as well as the occurrence of extreme weather events due to global warming have become significant social challenges. To address these issues, it is crucial for companies to promote the use of renewable energy and strive for more sustainability.
Going forward, Murata will continue to promote efforts toward carbon neutrality and contribute to the expansion of renewable energy adoption in Japan.
Overview of the Virtual PPA
| Project entity: |
First Solar Power G.K. (wholly owned by Renova)
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Type of power generation:
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Non-FIT and FIP solar power plants
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Estimated annual power generation:
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Approximately 100 GWh
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Generation capacity:
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60 MW (AC-based)
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Annual CO2 reduction effect:
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44,000 tons
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Murata Group’s Management Targets Related to Social Value*3
The Murata Group is committed to solving global social challenges. It has identified “reinforcement of climate change countermeasures” as a priority issue and is actively promoting the adoption of renewable energy. The Group is committed to achieving greenhouse gas reduction targets and is actively investing in ways to conserve energy and increase the use of renewable energy sources at each of its locations.
*1 Based on non-fossil fuel value derived from electricity generated by solar, wind, hydro, and other renewable sources without the use of fossil fuels such as oil and coal. This allows the company to reduce the amount of CO2 emitted by the electricity it has used.
*2 Substituting existing thermal and nuclear power generation with newly built renewable energy generation facilities.
*3 Greenhouse gas emissions targets cover Scope 1 and Scope 2 combined.
Related information:
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About RE100
RE100 is a collaborative initiative that brings together the world’s most influential businesses that have committed to 100% renewable power. RE100, whose members come from a diverse range of sectors, has a total revenue of over US$6.6 trillion. Together, RE100 members send a powerful signal to policymakers and investors to accelerate the transition to a clean economy through activities in a variety of fields. Led by international non-profit The Climate Group in partnership with CDP, RE100 is also part of the We Mean Business Coalition. The participation of Japanese companies in RE100 is achieved with the support of the Japan Climate Leaders’ Partnership (JCLP), which has been an official regional partner of RE100 since 2017.
Murata in Brief
Murata Manufacturing Co., Ltd. is a worldwide leader in the design, manufacture and sale of ceramic-based passive electronic components & solutions, communication modules and power supply modules. Murata is committed to the development of advanced electronic materials and leading edge, multi-functional, high-density modules. The company has employees and manufacturing facilities throughout the world.
For more information, visit Murata's website