Japanese real estate developer Nomura Real Estate Development Co., Ltd. (Nomura Real Estate) has entered into a long-term power purchase agreement with German group wpd and its Japanese partner GPSS Group (Higashi Izu Wind Power Godo Kaisha). This corporate power purchase agreement (CPPA) concerns the supply of electricity to Nomura Real Estate’s new headquarters in Tokyo, powered by the Higashi Izu Furusato wind project located in Shizuoka Prefecture.
A project on challenging terrain
The Higashi Izu Furusato wind power plant, scheduled to come online in May 2026, will deliver a total capacity of 7.48 MW, distributed across three Enercon turbines. The site, situated on a mountain ridge 120 km southwest of Tokyo, features difficult terrain, requiring special equipment for delivery and construction. All electricity, together with associated certificates, will be supplied to Nomura Real Estate via operator NF Power Services Co., Ltd. (NFPS) in accordance with Japanese regulations.
First grid connection for wpd outside Taiwan
The project marks the first grid-connected installation by wpd in Asia outside Taiwan. According to Hans-Christoph Brumberg, General Manager Asia at wpd, “Higashi Izu will be wpd’s first Asian project outside Taiwan to be connected to the grid”, Recharge reported this statement from wpd on July 15. He also highlighted wpd’s role in supporting major electricity consumers in their long-term procurement strategies.
The Nomura Real Estate Group, through Hiroyuki Nakagawa, General Manager of the Sustainability Management Department, stated that the group aims to secure the supply of renewable energy for its operations, in line with its decarbonisation targets.
Regional deployment and international strategy
In addition to Japan, wpd is active in the wind and solar markets of South Korea, Vietnam, Indonesia, the Philippines, and Mongolia. The company currently has a project pipeline of 19,320 MW in wind and 5,015 MW in solar, reflecting a dynamic development strategy in the Asia-Pacific region.
The signing of this power purchase agreement comes as Japan diversifies its energy production, with security of supply a key issue for industrial and commercial consumers.
Recharge reported that the commissioning of the Higashi Izu plant, scheduled for May 2026, could influence other large Japanese companies in their electricity procurement choices in the coming years.
