Tokyu Corporation announced a partnership with Global Infrastructure Management and Clean Energy Connect to develop approximately 800 low-voltage solar power plants, representing an installed capacity of 70MWDC. The project, designed to supply electricity to the group’s facilities under an off-site power purchase agreement (PPA), will be delivered gradually between March 2026 and March 2028.
Direct power supply through Tokyu Power Supply
Once fully operational, Tokyu expects to cover around 8% of its annual electricity consumption, or about 73GWh per year. The electricity produced will be delivered through Tokyu Power Supply, the group’s retail energy unit. The project is being developed through a joint venture between the three companies, each contributing specific expertise in energy development, infrastructure investment and operational management.
Synergy between infrastructure, production and distribution
The initiative will leverage Clean Energy Connect’s experience, having already built 2,500 low-voltage solar plants, Global Infrastructure Management’s infrastructure investment capacity, and Tokyu’s expertise in electricity distribution and infrastructure operation. This partnership follows a previous agreement between Tokyu and Mitsubishi HC Capital to develop 20MW of solar capacity to power Tokyu’s own sites.
A growing trend towards direct procurement control
The project aligns with a broader trend in Japan where large industrial consumers seek to secure their electricity supply by investing directly in generation assets. Similar initiatives have emerged, including one by Ryohin Keikaku, operator of the Muji retail chain, which established a joint venture with JERA to develop its own solar power plants.
