Ryohin Keikaku and JERA Jointly Launch Renewable Energy Venture

Strategic Insights -

Ryohin Keikaku Co., Ltd. and JERA Co., Inc. have established a special purpose company, MUJI Energy LLC, to develop and operate renewable power projects, including solar power generation facilities. This move comes in response to the urgent need to reduce CO2 emissions, with Ryohin Keikaku aiming to cut its total Group greenhouse gas emissions by 50% by 2030 and JERA targeting net-zero CO2 emissions from its operations by 2025. The partnership seeks to expand the use of renewable energy to minimize the impact of climate change, with MUJI Energy planning to develop approximately 13MW of solar generation capacity within a year, equivalent to 20% of Ryohin Keikaku's annual electricity consumption.

Key Takeaways:

  • Ryohin Keikaku and JERA have established a special purpose company, MUJI Energy LLC, to develop and operate renewable power projects.
  • MUJI Energy aims to develop approximately 13MW of solar generation capacity within a year, equivalent to 20% of Ryohin Keikaku's annual electricity consumption.
  • Ryohin Keikaku has set a target of achieving a 50% reduction in total Group greenhouse gas emissions (Scope 1 and 2) by 2030.
  • JERA is targeting net-zero CO2 emissions from its domestic and overseas operations by 2025 under its JERA Zero CO2 Emissions 2050 initiative.
  • MUJI Energy will leverage JERA's expertise in solar power plant development and maintenance, with a focus on consideration for local communities, protection of aquatic environments, and biodiversity.
  • The partnership will contribute to solving local and societal issues and achieving a decarbonized society through the development and operation of solar power plants.

Statistics:

  • MUJI Energy plans to develop approximately 13MW of solar generation capacity within a year.
  • This capacity is equivalent to 20% of Ryohin Keikaku's annual electricity consumption.
  • The project is projected to reduce CO2 emissions by approximately 8,000 tons per year.
  • Ryohin Keikaku aims to achieve a 50% reduction in total Group greenhouse gas emissions (Scope 1 and 2) by 2030.
  • JERA is targeting net-zero CO2 emissions from its domestic and overseas operations by 2025.

Sources:

  • JERA Co., Inc.
  • Ryohin Keikaku Co., Ltd.