A 7MW solar power project developed by Tokyo Century in partnership with an electricity distribution company has been formally announced via a press release from co-participant Yakult Honsha, according to Global Environment Centre (GEC), which administers Japan’s Joint Crediting Mechanism (JCM) news channel. The project was selected for Japan’s JCM equipment subsidy program in fiscal year 2023.
Per the announcement, the solar installation is being introduced at Philippine Yakult’s second manufacturing plant to support the site’s decarbonization. GEC’s release describes this as the first initiative within the Yakult Group to make use of the JCM, Japan’s bilateral offset-crediting scheme with partner countries. GEC also pointed readers to a companion case-study page on its site with further project details, and linked to Yakult Honsha’s original press release announcing the plant-level solar rollout.
Carbon Market Context
- The JCM is Japan’s government-run bilateral crediting mechanism, under which Japanese equipment subsidies — as used here — help finance emissions-reducing projects (such as solar installations) in partner countries like the Philippines, generating credits split between the host country and Japan.
Source
- 【ニュースリリース】 配電会社と連携した7MW太陽光発電プロジェクト（東京センチュリー）Global Environment Centre (GEC) — JCM News, published 2026-07-03