Ryohin Keikaku and JERA Establish Renewable Power Producer MUJI ENERGY2025/09/01

Ryohin Keikaku Co., Ltd. (“Ryohin Keikaku”) and JERA Co., Inc. (“JERA”) have jointly established a special purpose company (SPC), MUJI Energy LLC (“MUJI ENERGY”), today to engage in renewable power projects such as the development of solar power generation facilities.

Recognizing, amid worsening climate change, the urgent challenge of reducing CO₂ emissions, Ryohin Keikaku has set a target of achieving, by 2030, a 50% reduction in total Group greenhouse gas emissions (Scope 1 and 2) compared to FY2021. JERA, under its JERA Zero CO₂ Emissions 2050 initiative, aims to achieve, by 2025, net-zero CO₂ emissions from its domestic and overseas operations by utilizing renewable energy and zero-emissions thermal.
With demand for energy projected to increase going forward, minimizing the impact of climate change will require expanding the use of renewable energy, so Ryohin Keikaku and JERA have decided to work together to further energy generation through solar power.　When installing solar panels, it is necessary to be as considerate as possible of the local scenery and natural environment.

Ryohin Keikaku and JERA have established the power producer MUJI ENERGY as a way to respond　responsibly and earnestly to the challenge of addressing climate change and related issues. Leveraging JERA’s expertise in solar power plant development and maintenance, we have formulated our own development criteria—guided by consideration for local communities, protection of aquatic environments, and biodiversity—and decided to establish solar power plants only after performing on-site inspections and evaluations of all power plant candidate sites. All of the environmental value of electricity produced by MUJI ENERGY will be acquired by Ryohin Keikaku via JERA subsidiary JERA Cross Co., Inc. through a virtual PPA1 and utilized to reduce CO₂ emissions from electricity consumption at locations such as MUJI tenant stores.
MUJI ENERGY plans to develop approximately 13MW of solar generation capacity within a year of its establishment. Equivalent to 20% of Ryohin Keikaku’s annual electricity consumption, this is projected to reduce CO₂ emissions by approximately 8,000 tons per year.

Through the development and operation of solar power plants, MUJI ENERGY will, in addition to expanding the adoption of renewable energy, contribute to solving local and societal issues and to achieving a decarbonized society.

Reference |  25 June 2025 Press Release: “Ryohin Keikaku and JERA Agree to Establish MUJI ENERGY for Renewable Power Generation Businesses”

Overview of the Limited Liability Company

_{１   A “virtual PPA” is a long-term agreement to supply the environmental value derived from electricity generated at a renewable energy power plant, but not the electricity itself.}

_{2    Since Ryohin Keikaku owns 80%, Muji Energy is a consolidated subsidiary of Ryohin Keikaku.}