APM Terminals Japan, a Maersk Group company, has signed a long term offsite corporate Power Purchase Agreement (herein the “PPA”) with FPS Inc., sourcing renewable electricity to power its operations at the Port of Yokohama. The agreement is anticipated to deliver meaningful Scope 2 GHG (greenhouse gas) emissions reductions, equivalent to approximately 2.6 ktCO2e per year, by replacing fossil‑based grid electricity with renewable solar power. This marks a significant step in the company’s efforts to reduce CO2 emissions across its terminal operations.
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The agreement supports Maersk’s wider decarbonisation pathway to source 100% renewable electricity by 2030 and its ambition to achieve net-zero greenhouse gas emissions across the entire value chain by 2040.
Under this 20-year PPA, renewable electricity supply to the Port of Yokohama commenced on 1 April 2026. Power is delivered from newly developed solar facilities with a total installed capacity of 5.5 MW located across the Tokyo region in Japan. The installed capacity of the facilities has been optimized to maximize solar consumption while ensuring real time matching and physical delivery requirements. Any residual electricity demand will be supplemented through market-based electricity sources.
As a long-term physical PPA, the agreement provides a stable and direct supply of renewable electricity to the Port of Yokohama’s operations while also helping to mitigate exposure to electricity price volatility. Early benefits are already being realised amid the ongoing volatility in energy markets.
“Securing this PPA is a critical stepping stone towards our journey to operate our terminal at the Port of Yokohama on 100% renewable electricity and to further advance our vision of port decarbonization. This agreement demonstrates how local actions directly support APM Terminals’ global sustainability commitments while ensuring reliable and responsible energy sourcing solutions. In addition, this PPA makes a tangible contribution to Japan’s Energy Transition by enabling new solar capacity to be added to the national grid, which fully aligns with our decarbonization priorities,” said Masahiko Shirai, Managing Director, APM Terminals Japan.
APM Terminals and A.P. Moller – Maersk advocate the use of physical PPAs as a preferred pathway to decarbonising electricity consumption. By enabling additional renewable capacity and physically delivering power into the national grid, physical PPAs help ensure that corporate climate action translates into tangible and long‑term emissions reductions and supports wider grid decarbonisation.
The PPA also contributes to Japan’s national energy transition by enabling newly developed solar generation capacity, providing additionality and directly increasing the share of renewable electricity delivered into the Japanese power grid.