Fujifilm announced the signing of Virtual Power Purchase Agreement offsetting 100% of its North American electricity use.
FUJIFILM Holdings Corporation announced that FUJIFILM Holdings America Corp. has entered into a Virtual Power Purchase Agreement (VPPA) for 300,000 MWh of annual sustainable solar energy from the Blevins Solar Project. This agreement brings key funding to solar generation project based in Blevins, Texas
The VPPA offsets 100% of the company’s total electricity use in the United States and Canada and is equivalent to avoiding approximately 90,000 metric tons of CO2 emissions per year. This represents approximately 9% of the Fujifilm group’s global annual CO2 emissions (based on the actual result of the fiscal year ended March 2023).
“Fujifilm strives to be a company that contributes to solving society’s greatest challenges, including addressing climate change through our business strategy and operations,” said Teiichi Goto, President and Chief Executive Officer, representative director of FUJIFILM Holdings Corporation. “This Power Purchase Agreement is aligned with our policy, which emphasizes securing a stable supply of renewable electricity with additionality. We will continue to reduce CO2 emissions in our supply chain and contribute to the realization of a decarbonized society.”
Fujifilm is also addressing decarbonisation of the fuel that it uses in the manufacturing of display materials and other highly functional films. Fujifilm is promoting an advanced initiative to establish a carbon neutral model in manufacturing using technologies including synthetic methane and hydrogen that do not emit CO2.
“We are honoured to support Fujifilm in advancing their sustainability goals through this strategic partnership,” said Michael Kasbar, Chairman and Chief Executive Officer of World Kinect Corporation. “This project is another opportunity for our global renewable energy solutions team to demonstrate its expertise and extensive resources in providing greater access to sustainably sourced energy.”
“Fujifilm’s partnership on the Blevins Project enables us to deliver on our commitment to igniting rural economic growth through the creation of new tax revenue and jobs,” said Blake Nixon, President of National Grid Renewables. “The positive impact of these solar and storage projects also goes beyond the local community – providing reliability and security for the overall electrical grid in the state of Texas.”
Terms of the agreement are not disclosed.
