September 10, 2018 Read More →

Sony joins RE100, plans 100% green energy by 2040

Nikkei Asian Review:

Sony plans to have all the energy it uses come from renewable sources by 2040, up from the current level of 7%, aiming to enhance corporate value as more investors and consumers place greater weight on environmental friendliness.

The electronics company has 111 business sites around the world. Renewables will supply all power used not only in manufacturing televisions and cameras, but also in such content creation work as moviemaking.

The goal will be achieved through such means as installing solar panels atop production facilities and purchasing green-certified power. Sony will gradually increase use of such energy, aiming first for a rate of 30% in 2030.

Sony has already gone fully green in Europe. But 80% of the group’s energy consumption is in Japan, mainly because of semiconductor manufacturing.

Purchasing solar power facilities will likely be pursued as well. Since 2012, solar has fallen under a feed-in-tariff system in Japan that requires electric utilities to buy renewable energy for fixed prices for specified periods at producers’ request. But solar facilities will start aging out of their 20-year period in 2032, which is expected to give Sony an opportunity to buy them from operators.

Globally, more companies are pledging to use only renewable energy and are joining the RE100 initiative, which includes big names like Apple, Fujitsu, Ricoh and Aeon. The push for renewables is now spreading to large manufacturers like Sony that use massive amounts of power.

More: Sony to source all its energy from renewables by 2040

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