Sankei Building and Tokyu Land Group Launch Hybrid On-site and Virtual PPA Initiative

Sankei Building Co., Ltd., Tokyu Land Corporation, and ReENE Co., Ltd. (a wholly-owned subsidiary of Tokyu Land) announced the launch of an 'On-site PPA x Fixed-Price Virtual PPA' initiative to reduce CO2 emissions at logistics facilities owned and operated by Sankei Building. Starting May 29, 2026, at 'SANKEILOGI Sendai Izumi' and June 1, 2026, at 'SANKEILOGI Tsurugashima,' the companies will utilize renewable energy to promote decarbonization and effective use of surplus power. Previously, Sankei Building faced challenges with surplus renewable energy due to gaps between generation and demand. Tokyu Land and ReENE, aiming to support decarbonization and expand renewable energy, have developed this scheme to utilize on-site generation while transferring the environmental value of surplus power to other locations. This initiative will supply approximately 1,550,000 kWh of renewable energy annually, contributing to a reduction of about 700,000 kg of CO2 emissions per year.