For immediate release
August 31, 2022
erex Co., Ltd.
Kyudenko Corporation
JA Mitsui Leasing, Ltd.
Chuo-Nittochi Co., Ltd.
Manies Group Co., Ltd.

Announcement of participation in an integrated aquaculture and solar power generation projectin Taiwan
Five companies – erex Co., Ltd. (headquarters: Chuo City, Tokyo, hereinafter denoted as “erex”); Kyulien
Environment Improving Co., Ltd. (headquarters: Taiwan, hereinafter denoted as “Kyulien EnvironmentImproving”), a Taiwanese subsidiary of Kyudenko Corporation (headquarters: Fukuoka City, Fukuoka Pref.,hereinafter denoted as “Kyudenko”); JA Mitsui Leasing, Ltd. (headquarters: Chuo City, Tokyo, hereinafter
denoted as “JA Mitsui Leasing”); Chuo-Nittochi Co., Ltd. (headquarters: Chiyoda City, Tokyo, hereinafter
denoted as “Chuo-Nittochi”); and Manies Investment Co., Ltd. (headquarters: Taiwan, hereinafter denoted
as “Manies Taiwan”), a Taiwanese subsidiary of the Manies Group Co., Ltd. – have invested WG Manies
Solar Energy Co., Ltd. (headquarters: Taiwan, hereinafter denoted as “WG Manies”), a Taiwanese
corporation, in order to consider an integrated aquaculture and solar power generation project in Taiwan.
WG Manies’ project sites have been certified as special zones for this integrated aquaculture and solar
power generation project (hereinafter denoted as “the project”), and announced participation in this projectwill be as detailed below.
The Taiwanese Government has set a goal of generating 30 GW of solar power by 2030. The
Government’s new technique for generating solar power is “integrated aquaculture and power generation,”
which combines aquaculture and power generation by installing solar panels on aquaculture ponds forspecies such as shrimp and clams. The policy seeks to generate 4 GW of power via this technique by2025.
The project is an integrated aquaculture and solar power generation project that is being jointly developedwith TAIYEN Green Energy Co., Ltd. (headquarters: Taiwan, hereinafter denoted as “TGE”). TGE is a
subsidiary of TAIYEN Biotech Co., Ltd., which was a government-run salt manufacturer that has now been
privatized. The generated electricity will be sold to Taiwan Power Company, a publicly owned powercompany in Taiwan, subject to approval under Taiwan’s Feed-in Tariffs (FIT). Manies Taiwan is managing
the project with a local company, and TGE is entrusted with development tasks such as obtaining permits
and approvals.

The project is of particular interest to the Taiwanese Government, which has been actively promoting theintroduction of renewable energy, and it is in line with the Government’s policy. Moreover, the project will
also help with regional development by revitalizing the fishing industry in depopulated areas.
As shareholders in the project, erex, Kyudenko, Kyulien Environment Improving, JA Mitsui Leasing, andChuo-Nittochi will work together with Manies Taiwan and TGE to promote the project. Drawing on their
management resources and know-how, the five companies will expand operations at home and abroad toachieve decarbonization, through efforts such as renewable power generation, and help to create asustainable society in the future.
<An overview of the power producer>
Name of the producer

WG Manies Solar Energy Co., Ltd.

Location of the power
stationWanggong Section, Fangyuan Township, Changhua
County (719,338 square meters)

Powercapacity

Approximately 55 MW

generation

Start of operation

In 2024 (planned)

Duration of electricity
sales

20 years<A photo of the integrated aquaculture and solar power plant ><For press inquiries, please contact>erex Co., Ltd.

IR and PR Department+81(0)-3-3243-1167

Kyudenko Corporation

General Affairs Section, General Affairs
Department+81(0)-92-523-1691

JA Mitsui Leasing, Ltd.

PR and IR Office, Corporate
Management Department+81(0)-3-6775-3002

Chuo-Nittochi Group Co., Ltd.

PR Office, Corporate Planning
Department+81(0)-3-3501-6906

Manies Group Co., Ltd.

Management Department+81(0)-3-6206-3309

Source:⚫

2020 Solar Photovoltaic 6.5 GW Completion Plan (Approved copy)⚫

General Description of Taiwan's 2050 Zero Emission Pathway and Strategy (National DevelopmentCouncil; Environmental Protection Administration, Executive Yuan, R.O.C.; Ministry of Economic
Affairs, R.O.C.; National Science and Technology Council; The Ministry of Transportation andCommunications, R.O.C.; Ministry of the Interior, R.O.C.; Council of Agriculture, Executive Yuan,R.O.C.; Financial Supervisory Commission, R.O.C. 3/30/2022）⚫

Situation of fishery and electricity symbiosis and environmental social inspection and verification
mechanism（Bureau of Energy, Ministry of Economic Affairs, R.O.C. 6/28/2021）⚫

Project plan for aquaculture and fishery management combined with green energy facilities ofChanghua County Fuxing Township and Fangyuan Township (Approved copy) (Bureau of Energy,
Ministry of Economic Affairs, R.O.C. 8/5/2021)

Note: This document has been translated from the Japanese original for reference purposes only. In
the event of any discrepancy between this translated document and the Japanese original, the original
shall prevail.