Itochu, Google Enter Into Long Term Power Agreement in Japan
The power purchase agreement will see Clean Energy Connect Co Ltd, an Itochu portfolio company, develop around 72 MW of
PV Magazine International 11:02 am on May 29, 2024
** Itochu and Google have formed an agreement for Clean Energy Connect Co Ltd to develop around 72 MW of solar power plants in Japan, contributing towards Google's renewable energy goals.
- Agreement Formation: Japanese conglomerate Itochu and tech giant Google have signed a deal with Clean Energy Connect Co Ltd for the construction of approximately 72 MW of solar installations.
- Project Goal: This initiative aligns with Google's aim to achieve carbon-free operations across its grid networks by 2030.
- Developer Role: Clean Energy Connect Co Ltd, an Itochu portfolio company, will execute the project over multiple years starting this year.
- Previous Investment: Itochu has backed Clean Energy Connect Co's venture into solar energy with a previous investment in November 2021.
- Solar Capacity Expansion: The collaboration follows an existing goal for the company to create approximately 500 MW of solar power by fiscal year 2023 across Japan.
https://www.pv-magazine.com/2024/05/29/itochu-google-enter-into-long-term-power-agreement-in-japan/