Eco-business / Social Venture

February 22, 2008


Green-powered Condominiums Debut in Japan

Keywords: Eco-business / Social Venture Non-manufacturing industry Renewable Energy 

The first condominium project powered with electricity from green sources in Japan, built by Itochu Property Development Ltd., is set to go on sale in early 2008. The company first announced on August 31, 2007, that it had signed a contract under a green power certification system managed by the Japan Natural Energy Co. for its new condominium projects as one of its efforts to protect the environment.

The green power certification system allows client companies to easily acquire electricity generated from renewable sources like wind, water, or biomass -- just one of the voluntary environmental measures companies can choose. Itochu Property Development contracted to buy one million kilowatt-hours of green power annually, mainly biomass-generated, and expects a reduction of about 370 tons of carbon dioxide (CO2) a year as a result. Residents will thus be contributing to the government-orchestrated campaign to reduce daily CO2 emissions by one kilogram per person.

The company said that the first condominium to be supplied with green power under the contract is its CREVIA Hongo project. It plans to expand the introduction of green power certification systems to other condominium projects it is involved with from now on.

Posted: 2008/02/22 12:17:20 AM
Japanese version