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Mitsui Fudosan to power properties with in-house solar energy

Developer's plans could help reduce costs and meet 2030 decarbonization goals

Tokyo Midtown Hibiya, one of the properties that Mitsui Fudosan will power with its own electricity. (Photo by Kosuke Imamura)

TOKYO -- Japan's top property developer Mitsui Fudosan will begin powering some of its large-scale commercial properties with electricity produced at its own solar power plants, aiming to cut costs and reduce its carbon footprint by largely bypassing power companies.

The plans are likely to cut energy costs at its shopping, business and hospitality facilities by several million yen per year (1 million yen equals about $7,300) per facility.

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