TOKYO -- Japanese trading house Itochu will build renewable energy supply networks in Japan and the U.S. for technology giants such as Amazon.com and Meta, who consume large amounts of electricity in data centers and other facilities, Nikkei has learned.
According to sources, Clean Energy Connect (CEC), a solar power company in the Itochu group, has signed a 20-year contract to sell renewable energy to Amazon. Using a "corporate power purchase agreement (PPA)" scheme, Amazon will purchase power at a fixed price over a long period in exchange for Itochu bearing the investment in the power plant.
