Nippon Electric Glass: VPPA for Solar Power Signed in Malaysia

Nippon Electric Glass (Malaysia), a subsidiary of Nippon Electric Glass, has entered into a Virtual Power Purchase Agreement (VPPA) with Res Hijau Sdn. Bhd., a special purpose company of Ditrolic Energy Holdings, a renewable energy power generation company.

A VPPA is a means for consumers to virtually procure only the environmental value of renewable energy electricity generated off-site, and in Malaysia it can only be implemented by companies approved under the Corporate Green Power Programme (CGPP), a program launched by the government in 2023. NEGM will procure the environmental value derived from Ditrolic Energy’s new solar power plant in Kedah, in the northern Malaysia Peninsula, which will effectively reduce CO2 by approximately 41,000 tonnes per year.

Managing Girector of NEGM, Kubo, said, “NEGM is honoured to collaborate with Ditrolic Energy on this project in Malaysia, a country that has introduced various policies toward decarbonization. This project is also an important and significant step forward for NEG groupʼs commitment to carbon neutrality.”

To achieve carbon neutrality by 2050, NEG Group has prepared an action plan for reducing CO2 emissions and is promoting various initiatives. The conclusion of this VPPA is part of those efforts. The group will continue to expand the use of all-electric melting to more products and promote the development of technologies that contribute to carbon neutrality, as well as help prevent global warming by procuring renewable electricity and obtaining environmental values both internally and externally.