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Daiwa House aims for energy self-sufficiency with renewables

Real estate developer to invest $260m in solar, wind and hydroelectric plants

A concept image of a Daiwa House group wind power plant in Ehime Prefecture.

OSAKA -- Daiwa House Industry plans to meet all of its electricity needs with renewable energy in 2040, aiming to become the first in Japan to operate completely off its own zero-emission plants.

The home builder will spend about 30 billion yen ($264 million) by the end of fiscal 2020 to build about 80 megasolar plants in Japan, as well as a wind power plant in Ehime Prefecture and a hydropower plant in Gifu Prefecture. These steps will raise the company's renewable energy output capacity by 50% from current levels to 350,000 kW, enough to cover all of the group's electricity requirements.

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