APM Terminals Japan, a company of the Maersk Group, signed a long-term Power Purchase Agreement (PPA) with FPS Inc., to obtain renewable electricity to power its operations at the Port of Yokohama.
This agreement is expected to generate significant reductions in Scope 2 greenhouse gas (GHG) emissions, equivalent to approximately 2.6 ktCO?e per year, by replacing grid electricity from fossil fuels with renewable solar energy. This represents an important step in the company’s efforts to reduce CO? emissions across all its port operations.
The agreement supports Maersk’s broader decarbonization strategy to source 100% renewable electricity by 2030 and its ambition to achieve net-zero greenhouse gas emissions across the value chain by 2040.
Under this 20-year power purchase agreement, the supply of renewable electricity to the Port of Yokohama began on April 1, 2026. The power is supplied from newly constructed solar facilities with a total installed capacity of 5.5 MW, located in the Tokyo region, Japan. The installed capacity of the facilities has been optimized to maximize solar consumption, while ensuring real-time synchronization and compliance with physical supply requirements. Any residual electricity demand will be supplemented through market electricity sources.
As a long-term physical power purchase agreement, this contract provides a stable and direct supply of renewable electricity to the Port of Yokohama operations, while helping to mitigate exposure to electricity price volatility. Initial benefits are already being realized amid ongoing volatility in energy markets.
“The signing of this PPA represents a fundamental step in our journey towards operating our terminal at the Port of Yokohama with 100% renewable electricity and driving our port decarbonization vision. This agreement demonstrates how local actions directly support APM Terminals’ global sustainability commitments, while ensuring reliable and responsible energy supply solutions. Furthermore, this PPA makes a tangible contribution to Japan’s energy transition by enabling the addition of new solar capacity to the national grid, which fully aligns with our decarbonization priorities,” stated Masahiko Shirai, Managing Director of APM Terminals Japan.
APM Terminals and AP Moller – Maersk advocate the use of physical PPAs as the preferred pathway to decarbonize electricity consumption. By enabling the addition of additional renewable capacity and the physical supply of power to the national grid, they help translate corporate climate action into tangible, long-term emission reductions and support broader grid decarbonization.
