Marubeni Power Retail Corporation And JPX Market Innovation & Research Sign Virtual Power Purchase Agreement - The First Third-Party Ownership-Model VPPA In Japan To Use Used Solar Panels

Marubeni Power Retail Corporation (MPR) (President & CEO: Suda Akira; Head Office; Chiyoda-ku, Tokyo), a consolidated subsidiary of Marubeni Corporation, and JPX Market Innovation & Research, Inc. (JPXI) (President & CEO: Miyahara Koichiro; Head Office: Chuo-ku, Tokyo), a consolidated subsidiary of Japan Exchange Group, Inc. (JPX), have signed a Virtual Power Purchase Agreement (VPPA) to trade Non-FiT Non-Fossil Certificates derived from solar power generation. Some of the solar panels are supplied by Rexia Corporation (President: Wakayama Minako; head office: Chiyoda-ku, Tokyo), an affiliate of Marubeni Corporation. This will be the first third-party ownership-model VPPA in Japan that utilizes used solar panels (according to Rexia).

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