RE:Itochu vpp model won't need homeowner pay for istallationVPP Japan provides a distributed solar power generation supply service that is called the third party ownership (TPO) model, in which the third party installs solar photovoltaic (PV) generation systems on the rooftops of distribution service facilities, etc., in Japan, in free of charge and supplies electric power at low cost directly to these facilities for extended periods of time....
https://www.itochu.co.jp/en/news/press/2020/200304.html .....
To date, it has installed and has been operating solar PV generation systems with an approximate total capacity of 10 MW on approximately 50 distribution service facilities nationwide.
These days, there is urgent demand for specific solutions to social challenges such as CO
2 emission reduction, increased energy self-sufficiency and business continuity in the event of disaster. In response, VPP Japan has a plan to introduce solar PV generation systems with a cumulative total capacity of 100 MW on around 500 distribution service facilities nationwide by 2021 with the aim of becoming Japan’s largest operator of such power generation systems.
ITOCHU defines the business relating to renewable energy and storage batteries as one of the most crucial business domain. In a bid to implement a new business model based on its operations cultivated in this area, it will establish the Electric Power & Environmental Solution Division and the Sustainable Energy Business Department under this division in April 2020....