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Renova (9519) · InitiativeAchieved

Investment in the Karumai Higashi Solar Silent Partnership Project

First written in FY2017-Q4. 3 of 5 entries say "Advanced", first in FY2017-Q4. Latest entry: FY2021-Q3.

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ProgressHeldSoftenedWorseAdvancedFY2017-Q4 – FY2021-Q32017: 220172018: 020182019: 120192020: 120202021: 1
Same theme, other companies
Investment in a Mega-Solar Project through a Silent Partnership and FIT Electricity SalesA theme 3 companies write about · 0 as a headwind · 4 as a tailwind

1 other company's latest entry also says "Achieved".

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Full recordFilings, disclosures and news, newest first
  1. FY2021-Q3AchievedAnnual report

    「During the third quarter of the current consolidated fiscal year, we additionally acquired an investment interest in the Karumai Higashi Solar silent partnership business, a consolidated subsidiary located in Karumai, Kunohe District, Iwate Prefecture. As a result, our investment ratio in the Karumai Higashi Solar silent partnership business increased from 69.25% to 100.0%.」

    An additional acquisition increased the investment ratio in Karumai Higashi Solar from 69.25% to 100.0%, resulting in full ownership.
  2. FY2020-Q3AchievedAnnual report

    「Using 31 December 2019 as the deemed acquisition date, we additionally acquired an investment interest in the Karumai Higashi Solar silent partnership business and made it a consolidated subsidiary, with an investment ratio of 69.3%.」

    Regarding Karumai Higashi Solar, an additional acquisition increased the investment ratio from 38.5% to 69.3%, and it became a consolidated subsidiary using 31 December 2019 as the deemed acquisition date.
  3. FY2020-Q2AdvancedAnnual report

    「Following the additional acquisition of the investment interest, our investment ratio in Karumai Higashi Solar is expected to become 69.25%, and Karumai Higashi Solar is expected to become our consolidated subsidiary.」

    It was disclosed that, on 2 December 2019, we additionally acquired a 30.75% interest in Karumai Higashi Solar from the co-investor, bringing our investment ratio to 69.25%, with the company scheduled to become a consolidated subsidiary.
  4. FY2017AdvancedAnnual report

    「In October 2016, we also invested in the large-scale solar power generation project carried out in Karumai, Kunohe District, Iwate Prefecture, namely the Karumai Higashi Solar silent partnership business, with a capacity of 80.8 MW. Together with the Karumai Nishi Solar silent partnership business, in which we invested in November 2015 and which has a capacity of 48.0 MW, construction is progressing smoothly toward commencement of operations.」

    Construction progress toward commencement of operations is shown for the Karumai Higashi and Karumai Nishi projects, with a combined capacity of 128.8 MW.
  5. FY2017-Q4AdvancedAnnual report

    「On 21 October 2016, we invested in the Karumai Higashi Solar silent partnership business in Kunohe District, Iwate Prefecture, whose principal business is renewable energy power generation. As our investment ratio was 38.5%, we classified it as an equity-method affiliate.」

    We invested on 21 October 2016 and classified it as an equity-method affiliate with an investment ratio of 38.5%. The project's large-scale solar power generation capacity is stated as 80.8 MW.
Moved together

"Emphasis on EBITDA to Enhance Enterprise Value and Equity Value" moved the same way as this thread, in the same document, in 4 of its 5 moves.

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  1. ★This thread
  2. 1Emphasis on EBITDA to Enhance Enterprise Value and Equity Value4×
  3. 2Large-Scale Power Plant Development Investment Using Debt Financing with a Focus on Capital Efficiency4×
  4. 3Business development fee upon the successful development of the power plant4×
  5. 4Operational capacity of solar and biomass power plants3×
  6. 5Accelerating the Development of Large-Scale Biomass Power Generation2×
  7. 6Recurring revenue from power plants in operation and development and operating businesses2×

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Investment in the Karumai Higashi Solar Silent Partnership Project | RENOVA,Inc. (9519) | Komori