Mitsui signs VPPA to supply solar energy to NIKE Japan

The contract covers 18 megawatts of capacity.

Mitsui & Co., Ltd. has signed a virtual power purchase agreement (VPPA) with NIKE Japan Group, LLC to supply renewable energy certificates from domestic solar projects.

The agreement, executed with Mitsui’s subsidiary Mitsui & Co. Project Solutions, Ltd., will provide Non-FIT Non-Fossil Certificates generated by 16 solar power plants in the TEPCO Power Grid area.

The contract covers 18 megawatts of capacity, including 3 MW from new solar projects and 15 MW from recently established facilities.

The deal will allow NIKE Japan to use renewable energy for 100% of the electricity consumed at its distribution centers, stores, and offices in Japan.

Mitsui said it will combine its electricity trading and supply-demand balancing capabilities with MPS’s power generation development and operational expertise to support the expansion of renewable energy.