RENOVA, Inc. (the “RENOVA”) concluded a power purchase agreement (“PPA”), under which power
generated by new solar power plants to be developed by RENOVA will be sold directly to TOHO GAS Co., Ltd.
(“TOHO GAS”).
1. Purpose of the conclusion of the PPA
With a mission of creating green and sustainable energy systems for a better world, RENOVA operates its power
generation business based on locally entrenched renewable energy resources such as solar, biomass, wind,
geothermal and hydraulic power.
RENOVA engaged in a Non-FIT (Direct PPA, FIP, etc.) based renewable energy power generation business. At
present, it has concluded physical PPAs with multiple electric power retailers as well as virtual PPAs with
companies which consume generated electricity.
RENOVA will continue to supply renewable energy in response to the needs of consumers, including companies
and local governments working on decarbonization, while at the same time striving to increase its corporate value
through the development of new businesses in the decarbonization area.
2. Outlook
The impact of the conclusion of this PPA on the financial results for the fiscal year ending March 31, 2024 will be
minimal. RENOVA will promptly disclose any other matters that should be announced, as and when they arise.
