[SMM PV News] Tokyu Railway Secures 98 MW PPA, Leading Japan’s Rail Decarbonization

Published: Apr 13, 2026 16:41

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Tokyu Railway has finalized a corporate PPA to procure electricity from 98 MW (DC) of newly built solar capacity, marking a significant step in Japan’s corporate renewable market. Starting in fiscal 2026, the 25-year agreement will supply green power to major Tokyo metropolitan lines, including the Toyoko and Den-en-toshi lines. By fiscal 2028, approximately 30% of Tokyu’s annual traction electricity—110 million kWh—will be sourced from these new assets. Building on its 100% renewable operations achieved in 2022, this initiative underscores Tokyu's role in supporting Japan's transition from FIT subsidies toward market-based mechanisms. The move reflects a broader trend among Japanese conglomerates to secure long-term decarbonization through large-scale, offsite PPA structures.

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