Mar 21, 2024

Sustainability / Blog Posts

Panasonic Automotive Systems Launches Corporate PPA*1 Electricity Supply Business for Domestic Operational Bases

Yokohama, Japan – Panasonic Automotive Systems Co., Ltd. (Head office: Yokohama city, Kanagawa; hereinafter referred to as “Panasonic Automotive Systems”) announced today that it has commenced the supply of Corporate PPA electricity to the Panasonic Automotive Systems Yokohama Building as of February 2024.

The Panasonic Group has set forth its long-term environmental vision, “Panasonic GREEN IMPACT,” with the aim of achieving both a better life and a sustainable global environment for all. In addition to reducing its own CO2 emissions, the Group is working to expand its contribution to CO2 reduction in society and is enacting business activities aimed at achieving a circular economy.

Positioning environmental initiatives as a “source of competitiveness,” Panasonic Automotive Systems achieved net-zero CO2 emissions at a total of 14 global operational bases*2 in the fiscal year 2022. As part of their medium- to long-term environmental KPIs (Key Performance Indicators), the company is committed to:

  1. Reducing energy consumption by 3% annually through energy-saving activities.
  2. Promoting business activities with the goal of achieving a 50% non-external dependency on renewable energy by 2030, and 100% by 2050.

*1 Corporate PPA (Power Purchase Agreement): A contract in which a business entity agrees to purchase electricity generated from renewable energy by a power generation company over an extended period. The typical duration of such agreements ranges from 10 to 25 years.
*2 Global operational bases: A total of 14 locations worldwide overseen by Panasonic Automotive Systems.

In February 2024, Panasonic Automotive Systems started supplying electricity to its Yokohama Building through its Corporate PPA electricity for domestic operational bases initiative. The strategy includes building solar power plants at 22 locations in 2023 and 50 locations in 2024, including at Panasonic Group facilities at off-site locations. The total electricity capacity will be approximately 28 MW of renewable energy, available for stable purchase at a fixed price for 20 years. This will allow for a coverage of 10% of the total power consumption of the Yokohama Building from March 2024 onward.

This initiative is a crucial step toward achieving Panasonic Automotive Systems’ environmental KPI (2) of 50% non-external dependency on renewable energy by 2030 and 100% by 2050. Now that supply to the Yokohama Building has started, the focus will be on extending supply to other domestic operational bases of Panasonic Automotive Systems, including sites in Shirakawa, Matsumoto, Kusatsu, and Tsuruga.

Photo: Sapporo Teine Power Plant in Hokkaido (top). From the bottom left, Inzai-shi Funao Power Plant, Yokoshibahikari-machi Kido Power Plant, and Kozaki-machi Kohara Power Plant.

Sapporo Teine Power Plant in Hokkaido (top), one of the largest facilities of the various partners involved in this initiative, and three power plants in Chiba. From the bottom left, Inzai-shi Funao Power Plant, Yokoshibahikari-machi Kido Power Plant, and Kozaki-machi Kohara Power Plant.

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