ENEOS Corporation (President: Saito Takeshi, "ENEOS") and Japan Renewable Energy
Corporation (President & CEO: Takeuchi Kazuhiro, "JRE") are pleased to announce that today the
companies have concluded an agreement on an absorption-type company split in the renewable
energy business. Under the agreement, ENEOS will transfer its solar, onshore wind, and offshore
wind power generation businesses*1 and the business related to these businesses of its domestic
renewable energy business to JRE on April 1 this year and the companies' businesses will be
ENEOS is actively developing the power generation business, focusing on renewable energy, in
Japan and overseas to realize the Group's Long-Term Vision to 2040, which includes contributions
to the development of a low-carbon, recycling-oriented society. ENEOS acquired all issued shares
of JRE in January 2022*2 and aims to achieve rapid growth to become a leading renewable energy
company in Japan.
JRE's vision is "to take leadership in creating a prosperous and sustainable society through the
development of renewable energy." JRE has long engaged in renewable power generation from
project development to the operation and maintenance of renewable power plants, aiming to
contribute to society.
Following the business integration, ENEOS will bring together its businesses and assets and
JRE's extensive expertise, speed, development capabilities, management capabilities, and
human resources and promote efficient development and operation. In this way, ENEOS will
develop the Group's renewable energy business into a core business in the next-generation
After the business integration, JRE's total renewable power generation capacity in operation and
under construction, in Japan and overseas, will be approximately 1 million kW.
The ENEOS Group will continue to actively promote the supply of environmentally friendly energy,
particularly renewable energy, and contribute to realizing a decarbonized, recycling-oriented society
which is consistent with Sustainable Development Goals (SDGs) of the United Nations, namely Goals 7 (affordable and clean energy), 11 (sustainable cities and communities), and 13 (climate action).