Delayed
Japan Exchange
11:52:45 2025-11-05 pm EST
5-day change
1st Jan Change
4,288.00 JPY
+1.20%
+1.83%
+14.22%
Published on 11/05/2025
at 08:45 pm EST
Publicnow
+1.20%
Kaneka Signs On-Site PPA Agreement for Heavy Snowfall Areas with Hokkaido Numata Town
-Contributing to Decarbonization and Disaster Response Using a Combination of Bifacial, Vertically Mounted Solar Panel Systems-
KANEKA CORPORATION
November 6, 2025
Kaneka Corporation (Headquarters: Minato-ku, Tokyo; President: Kazuhiko Fujii) has signed an on-site Power Purchase Agreement (PPA) (*1) with Hokkaido Numata Town, with which it has a Comprehensive Regional Revitalization Partnership Agreement (*2). This project involves the installation of Japan’s largest (*3) bifacial, vertically mounted solar panel systems (*4) for municipalities in heavy snowfall areas. The agreement was concluded in October 2025, with operations scheduled to begin in April 2026.
This project involves the installation of bifacial, vertically mounted solar panel systems and battery storage systems at the municipally owned Horosin Onsen in Numata Town, one of Hokkaido’s most snow-prone areas. Through this initiative, Kaneka will provide an on-site PPA service to the town, contributing to its decarbonization efforts. In times of emergency, the system will function as a microgrid (*5), serving as a power source for local evacuation centers and disaster response. The systems are being installed with support from the Hokkaido Government’s Subsidy Program for the Introduction of New Energy Facilities.
The bifacial, vertically mounted solar panel systems feature a design that minimizes the risk of damage from snow loads while maintaining stable power generation, making them suitable for addressing the sustainable energy issue in regions with heavy snowfall. This technology helps address challenges associated with renewable energy utilization in such environments. Additionally, the vertical installation design allows for potential application in solar sharing (*6). Through this project, Kaneka aims to establish a scalable on-site PPA business model tailored for snowy regions, contributing to both decarbonization and disaster response through broader deployment.
Based on our mission of KANEKA thinks “Wellness First”, we are committed to creating a society where everyone can benefit from the blessings of nature and access clean, sustainable resources and energy. We contribute to local communities with total energy solutions using our environmentally friendly products such as solar cells and heat insulating materials.
(*1) An on-site PPA (Power Purchase Agreement) is a scheme whereby solar power systems are installed on the premises of a service facility, and the electricity generated is purchased under a long-term contract from the installer or operating entity. (*2) Signing of the Comprehensive Regional Revitalization Partnership Agreement with Numata Town on April 18, 2018 （https://www.kaneka.co.jp/topics/information/in20180607/） (*3) As of October 2025, according to Kaneka. 280kW systems are planned for installation. (*4) Solar panel systems that adopt a vertical installation method and uses bifacial panels capable of receiving sunlight from both the east and west sides.This design reduces the impact of snow accumulation and helps maintain power generation efficiency even in high-latitude regions with limited sunlight hours. (*5) A small-scale power network designed to generate, store, and supply electricity independently. It is capable of autonomous operation during emergencies. (*6) An initiative to install solar panels on farmland to generate electricity. Vertical installation enables agricultural machinery to operate without obstruction, allowing for dual use of the land. Image of Bifacial, Vertically Mounted Solar Panel Systems
Attachments
Original documentPermalink
Disclaimer
Kaneka Corporation published this content on November 06, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on November 06, 2025 at 01:44 UTC.
Oct. 01
Tranche Update on Kaneka Corporation’s Equity Buyback Plan announced on May 14, 2025.
CI
Jul. 01
Tranche Update on Kaneka Corporation’s Equity Buyback Plan announced on May 14, 2025.
CI
May. 14
Kaneka Corp – To Buy Back Up To 4.77% Of Own Shares Worth 12 Billion Yen
RE
May. 14
Kaneka Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026
CI
May. 14
Kaneka Corporation Announces Year Dividend for the Fiscal Year Ended March 31, 2025, Payable on June 6, 2025; Provides Dividend Guidance for the Second Quarter 2026 and Year Ending March 31, 2026
CI
May. 14
Kaneka Corporation announces an Equity Buyback for 3,000,000 shares, representing 4.77% for ¥12,000 million.
CI
May. 13
Kaneka Corporation authorizes a Buyback Plan.
CI
Feb. 13
Kaneka Corporation Revises Dividend Guidance for the Year Ending March 31, 2025
CI
Feb. 13
Kaneka Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025
CI
Jan. 08
Kaneka Corporation acquired 96.80% stake in EndoStream Medical Ltd.
CI
24-08-30
Kaneka Completes Construction of Medical Device Plant in Hokkaido
CI
24-06-24
Tranche Update on Kaneka Corporation’s Equity Buyback Plan announced on February 8, 2024.
CI
24-06-20
Kaneka Corporation’s Equity Buyback announced on February 8, 2024 has closed with 2,000,000 shares, representing 3.09% for ¥7,811.77 million.
CI
24-04-22
Sony Corporation Adopts Kaneka Corporation’s Foam Molded Product Made from Kaneka Biodegradable Polymer Green Planet as A Cushioning Material for Its Large-Screen Televisions
CI
24-04-01
Tranche Update on Kaneka Corporation’s Equity Buyback Plan announced on February 8, 2024.
CI
24-02-08
Kaneka Corporation announces an Equity Buyback for 2,000,000 shares, representing 3.08% for ¥8,000 million.
CI
24-02-07
Kaneka Corporation authorizes a Buyback Plan.
CI
23-11-29
Kaneka Corporation acquired Japan Medical Device Technology Co., Ltd.
CI
23-05-16
Sun-Novo Pharma Gets License to Produce Kaneka’s Transdermal Patches
MT
23-05-12
Kaneka Corporation Reports Earnings Results for the Full Year Ended March 31, 2023
CI
23-03-21
Tranche Update on Kaneka Corporation’s Equity Buyback Plan announced on September 9, 2022.
CI
23-03-19
Kaneka Corporation’s Equity Buyback announced on September 9, 2022 has closed with 2,300,000 shares, representing 3.47% for ¥8,042.21 million.
CI
23-01-03
Tranche Update on Kaneka Corporation’s Equity Buyback Plan announced on September 9, 2022.
CI
22-11-29
Kaneka Corporation Announces Manufacture and Supply Intermediates to Shionogi & Co., Ltd for Use in Xocova®
CI
22-09-30
Tranche Update on Kaneka Corporation’s Equity Buyback Plan announced on September 9, 2022.
CI
DurationAuto.2 months3 months6 months9 months1 year2 years5 years10 yearsMax.
PeriodDayWeek
4118: Dynamic Chart
KANEKA CORPORATION is a Japan-based company engaged in four business segments. The Material Solutions Unit segment includes general purpose vinyl chloride resin, caustic soda, polyvinyl chloride special resin, modifier, modified silicone polymer, biodegradable polymer. Quality of Life Solutions Unit segment includes expanded styrene resin and molded products, extruded polystyrene foam boards, bead method expanded polyolefin, solar circuit method, super heat resistant polyimide films, optical materials, super heat conductive graphite sheets, solar cells, storage batteries for housing and others. The Health Care Solutions Unit segment includes medical devices, low molecular weight pharmaceutical raw materials, biopharmaceuticals, etc. The Nutrition Solutions Unit segment includes functional food ingredients, margarine, shortening, baker’s yeast, spices, antifreeze ingredients, functional fertilizers and feeds.
More about the company
Sell
Buy
Last Close Price
4,237.00JPY
Average target price
4,661.67JPY
Spread / Average Target
+10.02%
Consensus
OUR EXPERTS ARE HERE FOR YOU
Monday – Friday 9am-12pm / 2pm-6pm GMT + 1
Select your edition
All financial news and data tailored to specific country editions
AloJapan.com