February 4, 2020
Japan Renewable Energy Corporation
JRE Operations Corporation
Sumitomo Mitsui Finance & Leasing Co., Ltd.
SMFL MIRAI Partners Co., Ltd.

Joint Investment Project for Solar Power Generation
Japan Renewable Energy Corporation (Head Office: Minato-ku, Tokyo; President andCEO,

Representative

Director:

Kazuhiro

Takeuchi;"JRE"),

JREOperations

Corporation (Head Office: Minato-ku, Tokyo; Representative Director: Takahisa
Nakagawa;"JRE Operations"), and SMFL MIRAI Partners Co., Ltd. (Head Office:Chiyoda-ku, Tokyo; President and Representative Director: Tatsuro Terada; "SMFLMIRAI Partners"), a wholly-owned subsidiary of Sumitomo Mitsui Finance & Leasing
Co., Ltd. (Head Office: Chiyoda-ku, President: Masaki Tachibana; "SMFL") enteredinto a joint investment project agreement for large-scale solar power plants underconstruction in Japan's Kumamoto and Kagoshima prefectures.
The JRE Yamato Takamori Solar Power Plant, the JRE Aso Takamori Solar Power
Plant, and the JRE Satsuma Solar Power Plant became joint investment projects
under the agreement and their construction began between August and October
2019. Their total capacity is about 200,000 kW and their annual power generation
is 235.7 million kWh (equivalent to the annual power consumption of approximately
53,600 ordinary households). The start of their commercial operation is scheduledfrom 2022 to 2023. All these plants are developed by JRE and operated by JRE
Operations. SMFL MIRAI Partners will participate in this power generation projectthrough joint investment with JRE.
Since their establishment, JRE and JRE Operations have been developing andoperating about 50 solar, wind and biomass power plants in Japan. Currently,
development is underway of large-scale projects, including offshore wind power
generation, and this collaboration is important in terms of diversifying financing
methods for future growth.
SMFL has provided a variety of financial services, including leasing and projectfinance, to renewable energy businesses, such as solar, wind, and biomass power
generation. SMFL MIRAI Partners, established as a strategic subsidiary of SMFL inApril 2019, positions participation in renewable energy businesses as one of thepillars of its growth strategy. Through this project, SMFL MIRAI Partners will further
build knowledge and know-how in the power generation business.
JRE, JRE Operations, SMFL, and SMFL MIRAI Partners will contribute to thepromotion of countermeasures against global warming as a global issue byleveraging their respective knowledge and management resources in thedevelopment and operation of renewable energy businesses, while focusing on thestable supply of clean energy.
Overview of the Power Generation Plants under the Joint ProjectPower plant nameOperating company
Location

JRE Yamato Takamori Solar Power Plant
GK JRE Yamato Takamori(Japan Renewable Energy Group)
Yamato-cho, Kamimashiki-gun, Kumamoto,JapanPlant capacity

79,955 kW

Scheduled operation startAugust 2022

Power plant name

JRE Aso Takamori Solar Power Plant

Operating company

GK JRE Aso Takamori(Japan Renewable Energy Group)

LocationTakamori-cho, Aso-gun, Kumamoto, Japan

Plant capacity

62,525 kW

Scheduled operation start

August 2022

Power plant name

JRE Satsuma Solar Power Plant

Operating company
Location

GK JRE Investment 2(Japan Renewable Energy Group)
Satsuma-cho, Satsuma-gun, Kagoshima,
Japan

Plant capacity

54,000 kW

Scheduled operation start

January 2023

For inquiries about this matter, please contact:
Japan Renewable Energy Corporation
Corporate Communications & CSR Departmente-mail: pr@jre.co.jp