KWE Installs Solar Power Generation System at Its Own Warehouse in Thailand

Kintetsu World Express, Inc. (Head Office: Tokyo, Japan) announced that its Thai subsidiary, KWE-Kintetsu World Express (Thailand) Co., Ltd. (KWE Thailand), has installed a solar power generation system at its own warehouse located in Prachinburi Province, Thailand, as part of its efforts to advance decarbonized management.

KWE has been recognized by CDP, an international non-profit organization based in the United Kingdom that evaluates corporate environmental initiatives and disclosure transparency, as an “A List” company—the highest rating—in the Climate Change category. This project represents the materialization of KWE’s environmental strategy, supported by such external recognition, through concrete investment at an overseas operation. It also marks a structural shift toward the procurement and utilization of electricity derived from renewable energy sources.

In this project, an on-site Power Purchase Agreement (PPA) scheme*¹ was adopted. A total of 326 solar panels have been installed, with expected annual power generation of approximately 307,000 kWh, covering around 96% of the warehouse’s annual electricity consumption with renewable energy. As a result, the project is expected to reduce CO₂ emissions by approximately 140 metric tons per year.

Furthermore, the environmental attributes generated through the resulting CO₂ emissions reductions are vested in KWE Thailand. Looking ahead, the company is considering the strategic utilization of these environmental attributes, including applications such as carbon tax offsets and the use of carbon credits within Thailand.

The KWE Group has set a target to reduce Scope 1 and Scope 2 greenhouse gas emissions by 42% compared to fiscal year 2023 levels by 2030. This initiative represents a concrete and practical action within KWE’s global network toward achieving this goal. Going forward, the KWE Group will continue to pursue initiatives tailored to the characteristics of each country and region, aiming to realize sustainable logistics operations and contribute to local communities.

Prachinburi Logistics Center 2

*¹ About the PPA (Power Purchase Agreement) Scheme

A Power Purchase Agreement (PPA) is a contractual arrangement under which an electricity consumer purchases power generated by a power producer.
Under an on-site PPA scheme, power generation facilities are installed on the premises of the electricity consumer, such as on the rooftops of buildings, enabling the stable use of renewable energy.