US retail giant Amazon has signed a power purchase agreement (PPA) with Japanese conglomerate Itochu to purchase solar energy.
According to reports from Nikkei, Clean Energy Connect (CEC), a solar power company within the Itochu group, has entered a 20-year corporate PPA to sell renewable energy to Amazon.
CEC will invest over 10 billion yen ($75 million) by fiscal 2024 to construct small solar power plants exclusively for Amazon at approximately 700 locations in Japan, with a total capacity of 38 MW.
