Start of solar power supply from the Chubu Electric Power Group to Shizuoka Bank

Chubu Electric Power Co., Inc. (Representative Director and President: Kingo Hayashi; “Chubu Electric Power”) and Chubu Electric Power Miraiz Co., Inc. (Representative Director: Shinya Otani; “Chubu Electric Power Miraiz”) have started supplying power utilizing “Shizugin Solar Park” which is a solar power station exclusively for The Shizuoka Bank, Ltd. (Representative Director: Minoru Yagi; “Shizuoka Bank”).

In May 2022, Shizuoka Bank and Chubu Electric Power Miraiz concluded an agreement regarding an offsite PPA service (Note) which supplies electricity generated at “Shizugin Solar Park” to the head office (Shimizu-ku, Shizuoka-shi) of Shizuoka Bank.
(Note) Service that supplies electricity via power system facility from an exclusive offsite solar power station.

Chubu Electric Power started the construction work for “Shizugin Solar Park” in March 2023 on land owned by the Chubu Electric Power Group in Shimizu-ku, Shizuoka-shi, and began commercial operation in September 26, 2023. Today, Chubu Electric Power and Chubu Electric Power Miraiz hold the operation commencement ceremony for “Shizugin Solar Park” at the site, with participation from Shizuoka Bank, local residents and persons involved in the construction work.
Shizuoka Bank is now able to reduce approx. 1,300t of annual CO₂ emission by utilizing “Shizugin Solar Park”.

The Chubu Electric Power Group positions renewable energy as one of the main power sources that contribute to decarbonization and improvement of energy self-sufficiency, and raises the goal to “scale up renewable energy to more than 3,200 MW with owned, constructed and maintained energy by around 2030”. The Group will continue to work together to achieve this goal by actively promoting initiatives such as development of renewable energy and provision of services utilizing renewable energy.

【Overview of Shizugin Solar Park】