November 29, 2021
Asahi Kasei Corp.
Asahi Kasei Homes Corp.
Mitsui Fudosan Co., Ltd.
TEPCO Energy Partner, Inc.

Asahi Kasei and Asahi Kasei Homes will advance the greening of power used at their respective Head Offices located in Tokyo Midtown Hibiya and Jinbocho Mitsui Building by utilizing the environmental value¹ of power generated with photovoltaic systems on Hebel Maison™ apartment buildings through the procurement of certified non-fossil post-FIT power².

The endeavor is scheduled to begin in April 2022 in cooperation with Mitsui Fudosan, which rents office space in Tokyo Midtown Hibiya and Jinbocho Mitsui Building to Asahi Kasei and Asahi Kasei Homes, respectively, and TEPCO Energy Partner, which supplies power to both buildings.

Overview

Mitsui Fudosan and TEPCO Energy Partner concluded a comprehensive agreement on greening power used in office buildings, etc., in December 2020, enabling the stable supply of green power to tenants of office buildings, etc., and allowing tenants to procure green power. TEPCO Energy Partner will purchase power generated by photovoltaic systems installed and owned by Asahi Kasei Homes on rooftop spaces leased from owners of Hebel Maison™ apartment buildings, and supply such power through Mitsui Fudosan to the Head Offices of Asahi Kasei and Asahi Kasei Homes as certified non-fossil post-FIT power.

Background

In August 2020, TEPCO Energy Partner began supplying certified non-fossil post-FIT power from photovoltaic systems installed on Hebel Maison™ apartment buildings of Asahi Kasei Homes to the Kawasaki Works of Asahi Kasei as effectively renewable energy, the first arrangement in Japan for certified non-fossil post-FIT power to be both generated and utilized in the same corporate group. The endeavor announced today is based on the desire of Asahi Kasei and Asahi Kasei Homes to further utilize such renewable energy, in accordance with the initiative of Mitsui Fudosan and TEPCO Energy Partner to advance the greening of the power used in office buildings. This is in addition to the participation of Asahi Kasei Homes in the RE100 Initiative with a target of 100% renewable energy use by fiscal 2025, utilizing power from photovoltaic systems on Hebel Maison™ apartment buildings, while further advancing the installation of photovoltaic systems on Hebel Haus™ unit homes and Hebel Maison™ apartment buildings.

Roles of each company

• Asahi Kasei Homes

  • Leasing rooftop spaces from owners of Hebel Maison™ apartment buildings, installing photovoltaic systems, and generating renewable power
  • Selling the power to TEPCO Energy Partner and using it at its Head Office through Mitsui Fudosan
  • Further advancing the generation and use of renewable power to achieve its RE100 target in fiscal 2025

• TEPCO Energy Partner

  • Purchasing renewable power from Asahi Kasei Homes and selling it to Mitsui Fudosan as certified non-fossil post-FIT power

• Mitsui Fudosan

  • Supplying said power purchased from TEPCO Energy Partner to its tenants Asahi Kasei and Asahi Kasei Homes

• Asahi Kasei

  • Using such power supplied from Mitsui Fudosan at its Head Office
  • Further advancing the use of renewable energy with a target of 30% reduction of GHG emissions by fiscal 2030 (from fiscal 2013) and a goal of becoming carbon neutral by fiscal 2050

The four companies will continue to study ways to further expand the utilization of renewable energy with an emphasis on the global environment in order to contribute to sustainability.

The endeavor announced today will also advance the utilization of renewable energy at the Head Offices of Asahi Kasei Microdevices Corp., Asahi Kasei Construction Materials Corp., Asahi Kasei Pharma Corp., and Asahi Kasei Medical Co., Ltd.

• ¹The value of the low environmental burden of green power generated from renewable energy
• ²Power certified to be from non-fossil fuel sources and to be generated from renewable sources such as photovoltaic systems after the expiration of their feed-in tariff (FIT) subsidy

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