Sustainability / Materiality

Stable supply of renewable energy and
contribution to GHG emissions reduction

  • Why it matters for us
  • Our approach

Why it matters for us

At our core, ENEOS Renewable Energy’s vision is based on the belief that providing renewable energy contributes to the realization of a sustainable society. This vision aims to accomplish two crucial goals:

  • ・At the global level, renewable energy generation is essential for a goal of mitigating climate change. As the energy sector accounts for around 70% of global greenhouse gas (GHG) emissions, energy systems will need to undergo a dramatic transformation toward decarbonization, which requires increased renewable energy capacity.
  • ・At the local level, renewable energy contributes to safeguarding the stability of energy supply. By providing sources of locally generated energy, ENEOS Renewable Energy aims to strengthen the resilience of the Japanese energy market.

Our approach

ENEOS Renewable Energy develops diversified renewable energy sources, including solar, onshore and offshore wind, biomass, and hydropower. Biomass power plants started operation in 2019 and contribute greatly to stable supply of renewable energy power by around-the-clock operation regardless of the weather. ENEOS Renewable Energy’s operational capacity reached approximately 1,250MW in March 2025. Based on this renewable energy capacity, we displaced approximately 680,000t-CO₂ emissions annually.
We aim to contribute to the improved energy self-sufficiency of Japan and the resilience of its energy system in three different ways:

  • ・Further diversifying the energy mix, which adds resilience to the energy system should one or more energy sources be disrupted, for example in the case of accidents or natural disasters.
  • ・Contributing to Japan’s energy self-sufficiency, which reduces exposure to price volatility related to energy imports. Adding capacity to our energy system provides resilience during periods of demand spikes, such as those experienced in the height of hot or cold seasons.
  • ・Renewable energy power generation not only reduces greenhouse gas emissions, but also reduces release of other air pollutants, such as SO2, NOx and particle pollution, associated with conventional fossil fuel power generations.

To expand our renewable energy business, we continue to pursue various challenges. For offshore wind power, which is expected to expand in the medium term, we are developing the offshore wind power plant off the coast of Happo and Noshiro in Akita Prefecture, where the project company led by our company was selected as the operator in March 2024. In response to the situation where suitable land for developing large-scale solar power plants in Japan is becoming limited, we are advancing development through a “bulk scheme” that develops solar power plants in collaboration with companies that have development know-how in each region. In fiscal 2024, we began development and operation of solar power plants with a total capacity of approximately 60 MW across three regions through this scheme. Additionally, to reduce the risk of output curtailment and ensure stable supply of renewable energy, we are promoting the installation of storage batteries at solar power plants.

* Please scroll horizontally to see the table below.

Climate and energy-related indicators 2021 2022* 2023 2024
Total capacity in operation (MW)*1 542 774 1,146 1,247
Solar (MW) 419 620 943 994
Onshore wind (MW) 99 130 178 229
Biomass (MW) 24 24 24 24
Total capacity under construction (MW) 333 104 123 158
Total renewable energy sold (MWh) 663,532 1,192,067 1,464,868 1,601,673
Annual amount of CO₂ reduction effect *2 (t-CO₂) 284,449 514,056 641,612 677,508

* 15 months from January 2022 to March 2023

*1 The total capacity in operation in 2020 includes the power plant in Taiwan (1.8 MW) acquired in 2020. Not included in other items.

*2 Calculated using emission factors for each electric utility that we supply power to (till FY2022), the national average emission factor (from FY2023) (as of the end of each fiscal year) in accordance with the Act on Promotion of Global Warming Countermeasures

  • Sustainability TOP
  • Top Commitment
  • Our Materiality for Creating
    a Sustainable Society
  • Environment
  • Stable supply of renewable energy and contribution to
    GHG emissions reduction
  • Environmental protection
  • Society
  • Harmony with community
    and society
  • Employee safety and development
  • Economy and governance
  • Stable growth through
    expansion of our energy generation business
  • Sound governance
  • Contribution to the SDGs through Business
  • Participation in the UN
    Global Compact
  • Disclosure in line
    with the TCFD Recommendations

Sustainability

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