Tokyo Electric Power (TEPCO) and Logos, part of ESR Group, have established a renewables partnership to undertake rooftop solar photovoltaic corporate PPA projects in the Asia-Pacific region.
The new company, LOGOS-TEPCO Renewables Joint Venture (LTJV), based in Singapore, plans to install rooftop solar power generation facilities with a total capacity of 100MW, mainly in logistics warehouses, data centres, and other properties owned by Logos and its capital partners.
In the future, LTJV will also invest in projects for customers of Tokyo Electric Power.
Logos, co-CEO, Trent Iliffe, said LTJV builds on Logos and ESR Group’s ESG commitments which include a 2030 net-zero carbon and decarbonisation target.
Chikara Kojima, executive vice president, Tokyo Electric Power Company Holdings, said: “In implementing this project, we will collaborate and coordinate with our Singapore office, which is our business base in Southeast Asia, and our Hanoi office in Vietnam, which was newly established in July 2023.”
Kojima said TEPCI would contribute with engineering, procurement, construction, and operation of solar power generation projects overseas and aimed to build a high-quality supply chain with low cost.
He said TEPCO had undertaken a rooftop solar PPA project in Thailand.
As part of its carbon-neutral strategy, Japan’s largest electric company, has a target of reducing CO2 emissions originating from the supply of energy to essentially zero by the year 2050.
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