Ricoh, a Japanese multinational imaging and electronics company, unveiled its initiative to source some of its headquarters' electricity with its first-ever off-site Power Purchase Agreement (PPA) power plant in a press release.
Notably, Ricoh has already powered its headquarters with 100% clean energy. The company says that through this move, it "aims to deepen its environmental impact while further contributing to local sustainability."
The PPA will leverage agrivoltaics, where solar panels are used in harmony with agricultural land. The power plant is hosted on repurposed farmland and will be led by local farmers with support from Japan's Ministry of Agriculture, Forestry and Fisheries (MAFF).