Featured in Purchasing power – 04-2025

Market structure drives PPA adoption

Electricity market liberalization, plus growing demand from corporate energy offtakers has kicked Japan’s power purchase agreement (PPA) market into gear, as Brian Publicover reports.

By

Brian Publicover

01 Apr 2025

Funaki Solar Farm, a 14 MW project in Ube, in Yamaguchi prefecture, sells its energy to Amazon under a long-term PPA. | Photo: X-ELIO

Japan’s solar PPA market has gained momentum in recent years, with corporations leading the way. Amazon kicked open the doors in September 2021 by signing a PPA to power its data centers with 22 MW of solar capacity from Mitsubishi Corp.The nascent PPA market got a further boost in October 2023, when Microsoft signed a …

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