Kyocera inks solar PPA with machinery maker in Japan

Kyocera EPA LLC, a wholly owned subsidiary of Japan's Kyocera Corp (TYO:6971), has signed an on-site power purchase agreement (PPA) with Shigiya Machinery Works Ltd, a manufacturer and seller of metal machine tools.

Under this agreement, the first for Kyocera EPA, a 1,080-kW photovoltaic (PV) system was installed on the roof of Shigeya's main factory, which began operation last week. The PV array can generate 888,753 kWh of clean electricity per year.

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Kyocera EPA's on-site PPA enables customers to install a PV system with no upfront investment, paying only a fee based on the energy generated, giving them the ability to consume their own renewable energy.

Kyocera uses all the surplus power, the company noted.