Purpose of the project
The Japan solar initiative benefits the surrounding community with clean energy generated in industrial load centers, freeing up grid electricity at peak periods during the day and reducing demand for energy from distant power plants. It further demonstrates to customers and investors Prologis’ continued focus on delivering high-quality, innovative improvements to our properties that minimize environmental impacts.
Japan’s feed-in-tariff system, administered by the Ministry of Economy, Trade and Industry, is designed to accelerate the deployment of renewable energy installations as a generation component in Japan’s electricity grid. Utilities are obliged to purchase electricity generated from renewable energy sources such as solar PV and wind power under fixed-period, fixed price contracts.
Through Prologis’ participation to date in the feed-in-tariff system, over 11 million kilowatt-hours per year, or enough energy to power more than 2,000 Japanese homes, will be delivered. These and other projects expanded Prologis’ global solar program to more than 113 megawatts, increasing revenue for host properties and reducing demand on the power grid.
In 2014, Prologis Nippon REIT, Inc. completed installation of 6.3 megawatts of rooftop solar photovoltaic projects in Japan, bringing the cumulative total for solar installations in Japan to 18.8 megawatts. Our solar program complements our ongoing efforts to address climate change in ways that are profitable for investors and Prologis while enhancing the sustainability of our facilities in their local markets.
"Our solar initiatives in Japan have reached 18.8 MW, which is a significant portion of our global solar portfolio. Given the ongoing government led feed-in-tariff system, we hope to continue to expand our solar initiatives in Japan."