Energy & Infrastructure Solution GroupPower Division
Major Products and Areas
- Power Generation Business
- Renewable Energy Generation business
- Fuel to Power*1 business such as LNG to Power projects
- Gas-fired and other thermal power generation business
- Power Service and Retail Business
- Retail Power Sales
- De-centralized Power Sources
- Smart city and community-based utility service business
- Storage, VPP, V2X, and aggregation businesses
- New businesses
- EPC*2 business and O&M business
1 Fuel to Power: Fuel (gas) procurement, storage facilities, and power generation using fuel as a single business
2 EPC: Engineering, Procurement and Construction
Top Class Global IPP Portfolio with Rich Sales & Marketing Knowledge and Worldwide Strongholds for Project Development & Asset Management
In the power generation business, Marubeni delivers safe & stable supply of power by taking a leading role throughout the entirety of the projects in which it participates. From development to construction, and finally to operation & maintenance, Marubeni leverages its industry expertise, fostered by a wealth of knowledge and experience in EPC and project finance, fully supported by a worldwide network of strongholds for project development & asset management. Marubeni has built an optimum IPP/IWPP asset portfolio in a diverse range of regions of the world. Most of the projects are guaranteed under long-term power purchase agreements which provide a stable profit foundation. In Japan and overseas, our total net generation capacity is 12,022MW (as of the end of March 2022) which is comparable to leading international IPP players.
Proactively Promoting and Increasing Renewable Energy Projects to Contribute to a Low-Carbon Society
Marubeni recognizes that climate change is a global issue that affects both environmental and social sustainability. In accordance with the Marubeni Group’s sustainability management policies, and recognizing the importance of counteracting the effects of climate change, Marubeni will reduce the greenhouse gas emissions from its power generation portfolio by both cutting coal-fired power generation capacity in half*3 and no longer entering into any new coal-fired power generation business as a general principle*4. Furthermore, Marubeni will also consider the introduction of new technologies to reduce CO2 emissions.
3 We will cut our net generation capacity of coal-fired power generation (approximately 3GW at the end of FY2018) in half by 2025.
4 We will increase the ratio of power generated by renewable energy sources in its own net power supply to approximately 20% by 2023.
A Robust Track Record of Overseas Power EPC Projects and Unique EPC Contract Knowledge and Experience
Since Marubeni began supply and construction of overseas power projects in the 1960s, we have proactively engaged with Japanese and multi-national major equipment manufacturers, and compiled a robust track record of power generation, T&D and S/S EPC projects all over the world. Such expertise as an EPC contractor creates a synergy-effect with IPP/IWPP development.
Extensive Experience in Power Aggregation and Retail
Through SmartestEnergy Ltd., a company established in the U.K. in 2001, we are conducting aggregation/whole-procurement and retail sale of primarily renewably generated power to the U.K. power market. We have launched this business in the United States and Australia as well. Domestically, in 2000 when the Japanese power retail market became deregulated, Marubeni established Marubeni Power Retail Corporation as a PPS (Power Producer and Supplier) and entered the market. This allowed Marubeni to, among other things, internally balance the supply and demand of power retail sales through power sourced from Marubeni-owned plants. Marubeni has thus accumulated ample skill in supply-and-demand management and has an impressive track record of power projects.
Expansion and Promotion of Power Service and Retail Business
In the power service and retail business, we aim to expand EPC business, retail power sales, and de-centralized power generation business. We are also engaged in online sales of storage battery equipment, evaluation of services for buildings and power grids that use solar power and EV storage batteries, trials of AI projects for optimizing EV dispatch and recharge timing, and other DX-driven initiatives in the power service and retail business. Our initiatives also include the development of smart cities and the building of new energy supply chains.