July 20, 2018 Read More →

Green energy push gains steam in corporate Japan

Nikkei Asian Review:

More Japanese companies are promising to source all of their electricity from renewable energy in 10 to 30 years, a trend that could in turn spur investment to bolster grid capacity to accommodate demand.

Tech provider Fujitsu will as early as this month join RE100, the global initiative of major companies committed to 100% renewable power. The company currently sources just 7% of its power from clean energy but plans to achieve a full switchover by 2050.

Retailer Marui Group aims to reach 100% renewal energy by 2030. One of its locations will begin using electricity from wind power supplied by utility Minna Denryoku in September.

RE100 has gained 138 members since its founding in 2014. Big name members like Apple and Google already generate all of their electricity from renewable sources, thanks to investments in such projects as mega solar plants and wind farms.

Copier maker Ricoh became the first Japanese company to join the initiative in April 2017. The list now includes developers Sekisui House and Daiwa House Industry, office supply vendor Askul, restaurant operator Watami, retailer Aeon, Johnan Shinkin Bank and waste collector Envipro Holdings—with Japan trailing only the U.S. and the U.K. and rivaling Switzerland.

The 10 companies together consume roughly 12 billion kilowatt-hours of electricity per year, equivalent to the output of about two nuclear reactors, said the Japan Climate Leaders Partnership, which is promoting RE100 in the country. Sam Kimmins, head of RE100, expects 50 Japanese companies to participate by 2020.

More: Corporate Japan pledges full shift to renewable energy

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