News Release

July 25, 2024
Nippon Electric Glass Co., Ltd.

Virtual Power Purchase Agreement (VPPA) for Solar Power Signed
in Malaysia
Promoting Efforts towards Carbon Neutrality

Nippon Electric Glass (Malaysia) Sdn. Bhd. (Head office: Shah Alam, Selangor, Malaysia;
Managing Director: Masaya Kubo; hereinafter "NEGM"), a subsidiary of Nippon ElectricGlass Co., Ltd., has entered into a Virtual Power Purchase Agreement (VPPA)*1 with Res
Hijau Sdn. Bhd., a special purpose company of Ditrolic Energy Holdings Sdn. Bhd.*2 (Headoffice: Johor Bahru, Johor, Malaysia; Group Chief Executive Officer: Mr. Tham Chee Aun), arenewable energy power generation company.
A VPPA is a means for consumers to virtually procure only the environmental value*3 ofrenewable energy electricity generated off-site, and in Malaysia it can only be implemented
by companies approved under the Corporate Green Power Programme (CGPP*4), aprogram launched by the government in 2023. NEGM will procure the environmental value
derived from Ditrolic Energy's new solar power plant in the northern Malaysia Peninsula,which will effectively reduce CO₂ by approximately 41,000t-CO₂ per year.
Managing director Kubo said, "NEGM is honored to collaborate with Ditrolic Energy on
this project in Malaysia, a country that has introduced various policies toward
decarbonization. This project is also an important and significant step forward for NEG
groupʼs commitment to carbon neutrality."
To achieve carbon neutrality by 2050, NEG Group has prepared an action plan for
reducing CO2 emissions and is promoting various initiatives. The conclusion of this VPPA ispart of those efforts. The group will continue to expand the use of all-electric melting tomore products and promote the development of technologies that contribute to carbon
neutrality, as well as help prevent global warming by procuring renewable electricity andobtaining environmental values both internally and externally.
Overview
1. Power plant type:
2. Planned power plant sites:
3. Scheduled start of power
generation:
4. Contract period:
5. Annual power generation
forecast:

Solar power generation
Kedah, Malaysia
December 2025
20 years
Approx. 75 GWh (equivalent to the annual electricity
consumption of approx. 18,000 general households)

*1 VPPA: Under a physical PPA (PPPA), which has been popular so far, power generators and consumers
trade electricity and environmental value as a set, whereas under a VPPA, environmental value is tradedseparately from electricity. Therefore, a VPPA can be used even if the power plant and the consumer
are located in different areas served by different power transmission and distribution operators, and it
does not affect the existing power supply contract.
*2 Ditrolic Energy Holdings Sdn. Bhd.: one of the largest Southeast Asian integrated energy companies,delivering total clean energy primarily solar to various industries including airports, educational
institutions, healthcare, manufacturing, and more. By offering renewable energy, Ditrolic Energy enable
customers to achieve their net zero-carbon goals.
*3 Environmental value: The added value of renewable electricity, which is that it does not emit CO2.
*4 CGPP: A Malaysian government initiative to promote renewable energy that allows business consumers
to virtually purchase solar energy from solar power producers.

About Nippon Electric Glass Co., Ltd.
Nippon Electric Glass Co., Ltd., headquartered in Otsu, Shiga, Japan, is one of the world's leading specialty
glass manufacturers. Our specialty glass, which brings about new functionalities, is transformed into
various products such as sheets, tubes, fibers, and powders. These products are used in a wide range offields including semiconductors, displays, automotive, electronics, medical, and energy industries. The
specialty glass developed through the technology and achievements we have refined over our 70-year
history is highly regarded across various sectors, from everyday life to the forefront of industry.
- Company Name: Nippon Electric Glass Co., Ltd.
- Headquarters: 7-1 Seiran 2-chome, Otsu, Shiga 520-8639, Japan- Representative: Akira Kishimoto, President- Established: December 1949
- URL: https://www.neg.co.jp/enContact Form
URL: https://www.neg.co.jp/en/inquiry/