Joint investment in 四日市ソーラー and right to acquire an additional equity interest after completion
First written in FY2018-Q2. 1 of 3 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2019-Q4.
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- FY2019-Q4AchievedAnnual report
「On 1 March 2019, after the end of the third quarter of the current consolidated fiscal year, the 四日市ソーラー power plant in Yokkaichi, Mie Prefecture, with output of 21.6 MW, commenced operations. As a result, the total generation capacity of the company's operating renewable energy power plants reached 185.3 MW, and an increase in future power generation is expected. On the same date as the commencement of operations, the company additionally acquired silent partnership interests in the 四日市ソーラー silent partnership project, making it a consolidated subsidiary of the company with an ownership interest of 100%.」
四日市ソーラー commenced operations on 1 March 2019. After additionally acquiring the joint sponsor's 62% interest, it became a consolidated subsidiary with an ownership interest of 100%. - FY2018-Q4RestatedAnnual report
「Under the "Memorandum on the Transfer of Silent Partnership Interests, etc. in 合同会社四日市ソーラー," the company has the right to progressively acquire additional silent partnership interests held by the joint sponsor, representing 62%, after the completion date of the large-scale solar power plant operated by 四日市ソーラー.」
The company reconfirms its right to progressively acquire the joint sponsor's 62% interest in 四日市ソーラー after completion. - FY2018-Q2AdvancedAnnual report
「Under the "Memorandum on the Transfer of Silent Partnership Interests, etc. in 合同会社四日市ソーラー," the company has the right to progressively acquire additional silent partnership interests held by the joint sponsor, representing 62%, after the completion date of the large-scale solar power plant operated by 四日市ソーラー.」
During the quarter, the company made a joint investment in the 四日市ソーラー silent partnership project and secured the right to progressively acquire the joint sponsor's 62% silent partnership interest after completion of the 21.6 MW large-scale solar power plant.