Apr 23, 2012

Installation of the Solar Power Generation System in New Jersey

Yusen Logistics Co.,Ltd. (president: Hiromitsu Kuramoto) and NYK Trading Corporation (president: Motoo Igawa) plan to install the NYK Group’s largest solar power generation system in the U.S. state of New Jersey.

The system will be owned by NYK Trading and installed on the site of the Port Murray warehouse of Yusen Logistics (Americas) Inc.(Address: Port Murray, NJ 07865, U.S.A.). The system will supply clean electricity from the sun, with generated electricity being used at the warehouse and any surplus electricity being sold to local power companies.

This project is eligible for Solar Renewable Energy Credits (SRECs) offered by the New Jersey State Government as well as subsidies from the U.S. Federal Government, and will help promote the use of renewable energy sources in the U.S. Also, as a solar power generation project utilizing Group assets, the system will help promote the NYK Group’s environmental management vision of contributing to the betterment of the global environment and the achievement of a sustainable society.

The size of the system is 500kw, far larger that the systems which the Group installed at the Oi Container Terminal and the Los Angeles Container Terminal in 2010, and it will be the largest solar power generation system in the Group. The system is expected to go into operation in September 2012 and, once in operation, its annual production of approximately 650,000kWh will be equal to around half of the power consumption of facilities on the site. The system is expected to save around 220 tons of C02 every year.

Yusen Logistics and NYK Trading plan to continue to promote the renewable energy business globally, with particular emphasis on solar power generation systems, in line with the NYK Group’s environmental policy. They believe that, as global citizens, it is their duty to work to preserve the global environment and contribute to the creation of a sustainable society.

Drawing showing approximate location(NJ)

Planned installation of 6225 solar panels on the north side of the building