Expansion of Renewable Energy Business Facilities

「The Group will also build a “service platform for integrated control of renewable energy and storage batteries” and a “system for reliably delivering renewable energy to customers.” It will expand its value chain beyond “generating” renewable energy to “aggregating and balancing” and “delivering” it, thereby contributing to the achievement of carbon neutrality.」

「In addition, we will build a “service platform for integrated control of renewable energy and storage batteries” and a “system for reliably delivering renewable energy to customers,” expanding the value chain beyond simply “generating” renewable energy to “aggregating and balancing” and “delivering” it, thereby contributing to the achievement of carbon neutrality.」

「In June 2025, Suez Gulf Wind Farm II, which was under construction in Egypt, began commercial operations. With installed capacity of 654MW, the power plant is the largest in Africa, where electricity demand is expected to grow with population increases. Combined with Suez Gulf Wind Farm I, which is already operating, total capacity is 916.5MW.」

「テラスエナジー㈱ became a wholly owned subsidiary in April 2024, and the Group integrated its management with ㈱ユーラスエナジーホールディングス on 1 April 2025. Through this integration, the Group became a power producer with Japan’s No. 1 wind and solar generation capacity, and aims to make a major advance toward becoming a renewable energy company that leads the achievement of carbon neutrality and continues to be selected globally.」

「AEOLUS SAS, a group company established to contribute to green economic development in Africa through renewable energy businesses, joined an independent power producer (IPP) business in Tunisia in August 2024 with Norway's Scatec ASA. The business involves constructing, owning and operating solar power plants with a combined capacity of 100MW and selling the electricity.」

「The Group made capital investments totaling ¥230,330 million. This was mainly attributable to capital investments in facilities related to wind power generation.」

「With ＳＢエナジー㈱ becoming part of the Group, the Group will become one of Japan’s largest power producers in both wind and solar power, in addition to its existing wind power business. The Group determined that this would enable it to advance its carbon-neutrality initiatives by accelerating the creation of new businesses using renewable energy to meet market needs and the development of technology in the renewable energy sector.」

「北海道北部風力送電㈱, established and funded by ㈱ユーラスエナジーホールディングス and others, commenced commercial operations in April 2023 for a complete set of power transmission and transformation facilities in the northern Hokkaido region, which had faced challenges with its transmission network. The facilities comprise approximately 78 km of transmission lines and one of the largest lithium-ion storage batteries in Japan. In neighboring areas, 3 companies, including companies under the ユーラス group, are also developing wind farms with a total capacity of approximately 540 MW, expected to be among the largest in Japan, by fiscal 2025. The wind farms will be connected to the transmission and transformation facilities in phases.」

「To further expand its renewable energy business, the Group acquired 85% of the shares of ＳＢエナジー㈱ held by SoftBank Group Corp., made it a subsidiary in April 2023 and changed its name to テラスエナジー㈱.」

「The Group made capital investments totaling ¥201,732 million. This was mainly attributable to capital investments in facilities related to wind power generation.」

「For the same purpose, the Group acquired 85% of the shares of ＳＢエナジー㈱ held by SoftBank Group Corp., made it a subsidiary in April 2023 and changed its name to テラスエナジー㈱. By accelerating its efforts to achieve carbon neutrality, the Group will contribute to the transition to a decarbonized society.」

「The Group entered into an agreement on 9 February 2023 to acquire 85% of the shares of SBエナジー株式会社 (hereinafter, “SBエナジー”). Upon completion of the acquisition, SBエナジー is expected to become a subsidiary of the Group.」

「To build a renewable energy value chain, we signed a capital and business alliance agreement in March 2022 with レラテック株式会社, which provides consulting services for wind-condition surveys for onshore and offshore wind power generation. We aim to become a solutions provider supporting offshore wind power and contribute to the growth of the offshore wind market, where demand is expected to increase. To expand the renewable energy business, we decided in May 2022 to acquire the 40% interest in ユーラスエナジーホールディングス held by Tokyo Electric Power Company Holdings,Incorporated, making it a wholly owned subsidiary. Based on a resolution of our board of directors at its meeting held on 26 May 2022, the group acquired 40% of the shares of its consolidated subsidiary ユーラスエナジーホールディングス on 1 August 2022, making it a wholly owned subsidiary. The acquisition price was ¥185.0 billion.」

「The group made capital expenditures totaling ¥154.884 billion, mainly on wind power generation-related facilities.」

「The group made capital expenditures totaling ¥143.970 billion, mainly on wind power generation-related facilities. Capital expenditures include right-of-use assets.」

「To stabilize Myanmar's electricity supply and promote the use of renewable energy, we secured an order in April 2020 from the Electricity Generation Enterprise of Myanmar's Ministry of Electricity and Energy for a rehabilitation project at the Sedawgyi Hydropower Plant.」

「The group made capital expenditures totaling ¥160.987 billion, mainly on wind power generation-related facilities.」

「To help spread clean, affordable renewable energy and further expand its wind power business, we began commercial operations in October 2019 at a 262.5 MW wind farm in the Arab Republic of Egypt that we had been developing jointly with Euras Energy Holdings Corporation.」

「To support the development of local communities through electrification at the community level, we subscribed to a private placement by US venture company Powerhive Inc., which operates mini-grid businesses combining solar power generation systems and storage batteries in unelectrified areas of Kenya, and invested in the company in July 2019.」

「The Group made capital investments totaling ¥88,737 million, mainly in facilities related to wind power generation.」

「The group made capital expenditures totaling ¥67.482 billion, mainly on wind power generation facilities.」

「In Egypt, we secured an order in November 2017, together with ユーラスエナジーホールディングス and others, for the construction, ownership, and operation of a 262.5MW wind farm, and will participate in the country's first wind-power IPP project.」

「At ユーラスエナジーホールディングス, a group company, the Eurus Kitah-Awaji Solar Park, which had been under construction in Awaji, Hyogo Prefecture, was completed and began commercial operations in May 2017.」

「The group made capital expenditures totaling ¥80.163 billion, mainly on wind power generation facilities and automotive sales locations. In addition, ユーラスエナジーホールディングス, a group company, newly entered the wind power generation business in Finland and the Netherlands, bringing the number of countries in which it operates to 11 worldwide. A large-scale solar power plant that the company had been constructing in Hawaii was also completed and began commercial operations in January 2017.」

「In addition, ユーラスエナジーホールディングス, a group company, newly entered the wind power generation business in Finland and the Netherlands, bringing the number of countries in which it operates to 11 worldwide.」

「In addition, ユーラスエナジーホールディングス, a group company, has been operating the Eurus Rokkasho Solar Park in Rokkasho Village, Aomori Prefecture, smoothly. It is currently the largest-scale solar power generation facility in Japan.」

「The group made capital expenditures totaling ¥105.061 billion. This was mainly due to capital expenditures on solar power generation facilities.」