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Renova (9519) · InitiativeAdvanced

Joint investment in the 軽米尊坊 solar project and the right to purchase an additional interest after completion

First written in FY2018-Q4. 2 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2022-Q3.

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ProgressHeldSoftenedWorseFirst statedFY2018-Q4AdvancedFY2021 – FY2022-Q32018: 120182019: 020192020: 020202021: 220212022: 1
Same theme, other companies
Joint investment in Karumai Sonbo Solar and acquisition of an additional interestA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2022-Q3AdvancedAnnual report

    「During the third quarter of the current consolidated fiscal year, the company acquired additional interests in the consolidated subsidiary Kamai Sonbo Solar silent partnership business. As a result, the company's investment ratio in the Kamai Sonbo Solar silent partnership business increased from 46.0% to 55.0%.」

    For Karumai Sonbo Solar, the ownership interest increased from 46.0% to 55.0% through the exercise of the right to acquire additional interests after completion.
  2. FY2022-Q2AchievedAnnual report

    「In addition, the Karumai Sonbo Solar Power Plant (output capacity: 40.8 MW), which was under construction as part of Karumai Sonbo Solar GK, a consolidated subsidiary of the Company, commenced commercial operations in October 2021.」

    The Karumai Sonbo Solar Power Plant commenced commercial operations in October 2021, reaching the previously scheduled completion and commercial operation milestones.
  3. FY2021AdvancedAnnual report

    「As of 31 March 2021, under the "Memorandum on the Transfer of Silent Partnership Interests, etc.," the company had the right to acquire additional silent partnership interests held by certain joint sponsors after completion of the power plant. If the company exercises this right, its investment ratio will be 55.0%. Completion of the power plant is scheduled for October 2021, although the date may move forward or back depending on construction progress.」

    For 軽米尊坊ソーラー, the company specifies an investment ratio of 55.0% upon exercise of the right to acquire additional interests after completion and a scheduled completion date of October 2021.
  4. FY2018-Q4First statedAnnual report

    「After the end of the third quarter of the current consolidated fiscal year, in March 2018, a silent partnership investment agreement was entered into for the 軽米尊坊ソーラー silent partnership project, a 40.8 MW large-scale solar power generation project being developed in Iwate Prefecture jointly by the company and another company. The company's initial investment ratio is expected to be 46%, and the 軽米尊坊ソーラー silent partnership project is expected to become an equity-method affiliate of the company. Under the "Memorandum on the Transfer of Silent Partnership Interests, etc. in 合同会社軽米尊坊ソーラー," the company also has the right to acquire an additional 9% silent partnership interest held by certain joint sponsors after completion of the 軽米尊坊ソーラー large-scale solar power plant.」

    For 軽米尊坊ソーラー, scheduled to enter into an agreement in March 2018, the company newly discloses output of 40.8 MW, an initial investment ratio of 46% and the right to acquire an additional 9% interest held by the joint sponsors after completion.
Moved together

"Large-Scale Power Plant Development Investment Using Debt Financing with a Focus on Capital Efficiency" moved the same way as this thread, in the same document, in 3 of its 4 moves.

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  1. ★This thread
  2. 1Large-Scale Power Plant Development Investment Using Debt Financing with a Focus on Capital Efficiency3×
  3. 2Diversification into Multiple Renewable Energy Sources3×
  4. 3Accelerating the Development of Large-Scale Biomass Power Generation2×
  5. 4Outlook for Expansion of the Domestic Renewable Energy Market2×
  6. 5Emphasis on EBITDA to Enhance Enterprise Value and Equity Value2×
  7. 6Total capacity of power plants in operation and under construction exceeding 1 GW2×

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Joint investment in the 軽米尊坊 solar project and the right to purchase an additional interest after completion | RENOVA,Inc. (9519) | Komori