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LINE Yahoo Inks Landmark Solar Power Deal in Japan's Green Push
Source: LY Corporation

LINE Yahoo Inks Landmark Solar Power Deal in Japan's Green Push

LINE Yahoo signs 20-year VPPA for Japan's largest solar facility, targeting 740,000-tonne CO2 reduction by 2046.

Philip Lee profile image
by Philip Lee

Tokyo, Japan - LINE Yahoo announced its first virtual power purchase agreement (VPPA) with renewable energy developer Vena Energy for environmental value certificates from the Maniwa Solar Power Plant in Maniwa City, Okayama Prefecture.

The 20-year agreement covers environmental value certificates for 85 million kilowatt-hours annually from what will be Japan's most significant single solar power facility dedicated to virtual power purchase agreements.

The contract will enable LINE Yahoo to reduce carbon dioxide emissions by approximately 740,000 tonnes over the agreement period.

The Maniwa Solar Power Plant, scheduled to begin operations in August 2026, will have an installed capacity of 72 megawatts.

The facility will be constructed on a former golf course site, and environmental assessments will be conducted under environmental assessment laws to ensure biodiversity preservation.

The project will prioritize local employment for construction and operations. 

Local businesses are already engaged in preliminary work, including water quality surveys and vegetation management.

A portion of the revenue from environmental value trading will be allocated to community benefits, including the planned donation of emergency power generation equipment to the local area.

LINE Yahoo, a participant in the RE100 initiative, aims to achieve net-zero greenhouse gas emissions for Scope 1 and 2 by fiscal year 2030 and extend this to Scope 1, 2, and 3 by 2050.

Vena Energy maintains operations across Asia, with development, construction, and operational assets in solar power, wind power, and energy storage systems with a total capacity exceeding 45 gigawatts.

Philip Lee profile image
by Philip Lee

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