News & Media

PT Alam Energy Renewables (Alam Energy) has completed a 1.1MW (DC) rooftop solar power plant for PT DNP Indonesia (DNP Indonesia), the Indonesian subsidiary of Dai Nippon Printing Co., Ltd. (DNP), and completion ceremony was held on February 27, 2025.

JERA Co., Inc. (“JERA“), along with its subsidiary JERA Cross Co., Inc. (“JERA Cross“), and Shizen Connect Inc. (“Shizen Connect“), announce the commencement in December 2024 of a trial project for the supply of 24/7 carbon-free energy (“24/7 CFE”).*1 To support this initiative and strengthen collaboration with Shizen Connect, JERA has, through JERA Ventures,*2 made an investment in Shizen Connect.*3

NNR Shizen Energy G.K. (Nishitetsu Shizen Energy), a joint venture between Nishi-Nippon Railroad Co., Ltd. (Nishitetsu) and Shizen Energy Inc.(Shizen Energy), held an opening ceremony on June 10th at the site of the grid storage battery facility*1 “NNR Shizen Energy Battery Hub Umi”, which will begin commercial operation this month.

Shizen International Inc., a subsidiary of Shizen Energy Inc. that promotes the development and operation of renewable energy power plants in Asia, Oceania and Latin America, announces a change in its executive structure effective July 1, 2024.

juwi Shizen Energy Inc. (juwi Shizen Energy) has completed construction of a 121 MW (DC) solar power plant in Sanda City, Hyogo Prefecture, Japan, and held a completion ceremony on April 11, 2024. The plant will supply approximately 85 MW (AC) of renewable energy to a major utility company, making it one of the largest solar power plants in the Kansai region.

Shizen International Inc. (Shizen International), a group company of the Shizen Energy Group, signed an memorandum of understanding (MoU) with Majuperak Holdings Berhad (MHB), an established State Government-Linked Company (GLC) in Perak, Malaysia, to cooperate in the development of ground-mounted solar power projects and assess bodies of water suitable for floating solar projects in Perak. The signing took place on April 25, 2024, in Fukuoka City, Japan.

Shizen Energy Inc.(Shizen Energy), Summit Energy Corporation (Summit Energy) and Bourbon Corporation (Bourbon) signed a corporate PPA based on an off-site PPA model for the supply of renewable energy derived from solar power and power supply to five Bourbon factories in Niigata Prefecture began on April 1, 2024.

Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, has completed an investment in TerraWind Renewables (“TerraWind”), an onshore wind energy platform, in partnership with Shizen Energy Inc. (“Shizen Energy”), a Japanese renewable energy company. As part of the transaction, Stonepeak has acquired an 80% interest in TerraWind, with Shizen Energy retaining the remaining 20% interest in the business. TerraWind will focus on the development of onshore wind projects in Japan and across the Asia-Pacific region.

The Shizen Energy Group is pleased to announce that the Inuyama Solar Power Plant, a large-scale solar power plant in Inuyama City, Aichi Prefecture, commenced commercial operation in February 2024, and a completion ceremony was held on 25 March at the site.

Shizen Energy Inc. (Shizen Energy), a leader in renewable energy solutions, proudly announces the successful conclusion of a share transfer agreement with JUWI GmbH (JUWI) of Germany. This landmark agreement solidifies Shizen Energy’s commitment to its Purpose of “We take action for the blue planet” by acquiring full ownership of juwi Shizen Energy Inc. (JSE) and JUWI Shizen Energy Operation Inc. (JSEO), both pivotal joint ventures with JUWI.

In January 2024, Shizen Connect Inc., a VPP*1 platform developer, conducted a VPP demonstration by remotely controlling 186 household EVs via EV charge/discharge (V2H) equipment as part of the “FY2023 Demonstration Project for Further Utilization of Distributed Energy Resources”(DER Aggregation Demonstration Project), implemented by the Ministry of Economy, Trade and Industry. The scale of this demonstration is one of the largest VPP demonstrations using V2H equipment in Japan and one of the largest in the world *2.

Shizen Energy Inc. and the Shizen Energy Group relocated its Tokyo office to Nihonbashi in December 2023, and the building will be in full operation from Wednesday, February 14. New office concept “Action Hub” Shizen Energy positions its offices as “a place to deepen understanding of social and community issues and foster connections,” rather than “just a place to work. Shizen Energy calls its four offices in Japan “Action Hubs” because it wants them to be hubs where people can take action and work with people and the surrounding community to realize its purpose: “We take action for the blue planet.”

Nitto Kogyo Corporation (Nitto Kogyo) and Shizen Connect Inc. (Shizen Connect), a VPP*1 platform provider, will conduct a cloud-based remote control demonstration of Nitto Kogyo’s AC chargers for EVs, model name “Pit-2G series 4G communication model” in order to further expand the “Equipment Control Demand Response Service” platform that enables VPPs to address supply and demand constraints and reduce electricity procurement costs for electricity retailers.

Shizen International Inc., a subsidiary of Shizen Energy Inc. that promotes the development and operation of renewable energy power plants in Asia, Oceania and Latin America, announces a change in its executive structure effective January 1, 2024.

Shizen Energy Inc. (Shizen Energy) is pleased to announce its investment in eMotion Fleet Inc.(eMotion Fleet), a Japanese EV solutions startup focused on the electrification and decarbonization of commercial vehicles in Japan and Asia.

Shizen Connect Inc., a VPP platform developer that provides “Equipment Control Demand Response Service,” a low-voltage VPP*1 operation service, together with storage battery companies such as Omron Social Solutions Co. Ltd., Smart Solar Corporation, and Nichicon Corporation, will begin a demonstration using this service with 8 major electricity retailers, with the aim of commercial launch in the summer of 2024. The participating electricity retailers are ENEOS Corporation, Shikoku Electric Power Co.,Inc., The Chugoku Electric Power Co. Inc., TEPCO Energy Partner, Inc., Toho Gas Co., Ltd., Tohoku Electric Power Co., Inc., Hokuriku Electric Power Company, and Hokkaido Electric Power Co., Inc.

Shizen Energy Group will relocate its Tokyo office on December 18, 2023 to accommodate its business expansion both domestically and internationally. The new office will provide a more comfortable working environment than ever before and will strive to create a place for active communication with people who share the Group’s purpose of “taking action for the blue planet.”

PT ATW Alam Hijau (Alam Energy), a joint venture between Shizen Energy Inc., Alamport Inc. and NiX JAPAN Co., Ltd. with the ATW Group, which is engaged in the sales and construction of solar power generation equipment in Indonesia, has received financing of IDR 41 billion from PT Sarana Multi Infrastruktur (Persero) (“PT SMI”), an Indonesian financial institution under The Ministry of Finance of Indonesia, for the development, construction and operation of solar power installations for industrial customers in Indonesia. This is one of the first cases of project-based financing by PT SMI for a portfolio of C&I solar power plants. The signing ceremony for the provision of financing facility was held at PT SMI’s office at Sahid Sudirman Center, Jakarta, on November 13th, 2023. The signing was carried out by Sylvi J. Gani, Director of Financing and Investment of PT SMI and Soichiro Nishimori, President Director of Alam Energy.

Shizen Energy Inc. (Shizen Energy) and Luxembourg-based B–ON Group (B–ON) have agreed to enter into discussion of joint investment in Japanese electric vehicle start-up eMotion Fleet Inc. (eMotion Fleet), focused on accelerating fleet electrification and decarbonization of energy consumed by the transportation industry in Japan and Asia.

Alamport Inc., NiX JAPAN Co., Ltd. and Shizen Energy Inc., through Alam Energy (company name: “PT ATW Alam Hijau”), a joint venture company in Indonesia, have been jointly developing a project to install a 3MW Rooftop Solar Power System at a paper factory in West Java, and this project has been selected by the Ministry of the Environment, Japan for Financing Programme for Joint Crediting Mechanism (JCM) Model Projects [1] in FY2023.

Shizen Energy Inc. (Shizen Energy) has signed a 20-year virtual power purchase agreement (VPPA) with Microsoft to provide renewable energy from a 25MWac (*1) solar farm in Inuyama City, Aichi Prefecture. The VPPA, which represents a long-term commitment similar to other power purchase agreements (PPAs) Microsoft has signed globally, was instrumental in helping Shizen Energy achieve financial close on the Inuyama project. This is Microsoft’s first PPA in the country, helps add clean energy to the electricity grid, and supports Microsoft’s goals of achieving 100% renewable energy by 2025.

Dynax Corporation (Dynax) and Shizen Energy Inc. (Shizen Energy) celebrated the commencement of a 3.85 MWp(DC) solar power plant that will provide direct power supply to the Dynax Tomakomai Plant using an off-site PPA model with private lines based on a corporate PPA signed in 2022.

Shizen Energy Inc.(Shizen Energy), Alamport Inc.(Alamport), and NiX JAPAN Co., Ltd. (NiX) will install a 3 MWp rooftop solar power plant for PT Eco Paper Indonesia, a subsidiary of PT Alkindo Naratama Tbk (ALDO), and a manufacturer of industrial paper products with an environmentally-friendly concept that uses waste paper products as its raw materials. A pre-commencement ceremony was held on August 8.

Shizen Energy Inc.(Shizen Energy), Alamport Inc.(Alamport), and NiX JAPAN Co., Ltd. (NiX) have begun trial operation of a 1.6 MWp rooftop solar power plant for PT DNP Indonesia, an Indonesian subsidiary of Dai Nippon Printing Co., Ltd. (DNP). A ceremony was held on August 7 to celebrate the commencement of the power plant.

Shizen Energy Inc. (Shizen Energy) will establish a wholly owned subsidiary, Shizen Connect Inc. (Shizen Connect), in October 2023. The new company will aim to achieve sales of 10 billion yen by 2030 through the VPP (Virtual Power Plant) (*1) business, which will provide functions equivalent to those of a power plant by collectively controlling energy equipment such as storage batteries, electric vehicles (EV), and EV chargers.

Shizen Energy Inc.’s (Shizen Energy) energy management system “Shizen Connect” (*1) has been adopted for remote electricity measurement in “Charge Planner”, an EV installation support service provided by TOKYO GAS Co., Ltd (TOKYO GAS).

Shizen Energy Inc. (Shizen Energy) together with JUWI Shizen Energy Operation Inc. (JSEO) which specializes in O&M (*1) services, have significantly enhanced the O&M monitoring functions of Shizen Connect (*2), an energy management system developed and operated by Shizen Energy, and have begun offering it to O&M providers.

Nishi-Nippon Railroad Co., Ltd.(Nishitetsu) and Shizen Energy Inc.(Shizen Energy) have agreed to enter the grid storage battery business through their joint venture, Nishitetsu Shizen Energy GK (Nishitetsu Shizen Energy). Shizen Connect, an energy management system developed and operated by Shizen Energy, will be used for market transactions and electricity control in this project.

Shizen Energy Inc.(Shizen Energy) and GUGLER Water Turbines GmbH (GUGLER), an Austrian company that develops, designs, and manufactures water turbines for small and medium-sized hydroelectric power plants, have installed a 2.2 MW Pelton turbine and synchronous generator to the Kuroda Hydroelectric Power Plant (Toyota City, Aichi Prefecture) of Chubu Electric Power Co., Inc. (Chubu Electric Power). The newly installed turbine started full-scale operation in April 2023. This is the first GUGLER megawatt-class turbine to be put into operation in Japan.

Shizen Energy Inc.(Shizen Energy) has supplied “FIT Non-Fossil Certificates with tracking” derived from the Karatsu Minato Wind Power Plant, a jointly owned power plant by the Shizen Energy Group in Karatsu City, Saga Prefecture, to Comfort Hotel Saga operated by GREENS Co., Ltd. (GREENS). The amount of certificates supplied are equivalent to the amount of CO₂ emissions by Comfort Hotel Saga in FY2022 which was approximately 135 tons.

Shizen Energy Inc. (Shizen Energy) and Pacific Consultants Co., Ltd. (Pacific Consultants) have been selected as the contractor for the basic design work for the construction of a microgrid in Kamishihoro, Kato-gun, Hokkaido through a public bidding proposal process.

Shizen Energy Inc.(Shizen Energy) has been selected by the Ministry of Economy, Trade and Industry (METI) for its “FY2023 Demonstration Project for Further Utilization of Distributed Energy Resources.”

Shizen Energy Inc. (Shizen Energy) together with Constant Energy have concluded a long-term power purchase agreement (PPA) with Molten (Thailand) Co., Ltd, a local subsidiary of Molten Corporation, a manufacturer of sports equipment. This project will be based on a on-site PPA model* using a roof-mounted solar power generation facility with a capacity of approximately 999 kWp (DC).

Shizen International Inc. (Shizen International), a Shizen Energy Group company, together with INMARK Asset Management (INMARK) and DOHWA Engineering Co., Ltd. (DOHWA) have agreed as of May 10, 2023 to enter into a joint venture for developing renewable energy projects in the Republic of Korea (South Korea).

Shizen Energy Inc. (Shizen Energy) and its group company Shizen Malaysia Sdn Bhd. (Shizen Malaysia) have concluded a long-term power purchase agreement (PPA) with Hokto Malaysia Sdn. Bhd. (Hokto Malaysia), a local subsidiary of HOKUTO Corporation, a major mushroom producer in Japan, using a roof-mounted solar power generation facility with a capacity of approximately 730 kWp (DC). This project is the first PPA signed by Shizen Energy with a Japanese company based in Malaysia.

Sena Solar Energy Co., Ltd., and Shizen International (Thailand) Co., Ltd., a Shizen Energy Group company, signed a Memorandum of Understanding (MOU) on February 15 to explore the potential for investment and expansion in the renewable energy market of Thailand. Through this MOU, the two companies will explore further opportunities in the Thai renewable energy market, such as a floating / rooftop hybrid solar project over 60 MW in Thailand. Both companies will work together on the development of solar generation facilities and providing clean energy solutions to the Thai government and private sector.

Shizen Energy Inc. (Shizen Energy), through its group company Shizen International Inc. (Shizen International), has signed a MOU with the Ganubis Renewable Energy Consortium on January 31, to jointly develop up to 96 MW of onshore wind power generation in the Philippines. This project is in collaboration with the Asian Zero Emissions Community (AZEC), which is promoted by the Japanese government.

Shizen Energy Inc. (Shizen Energy) has launched a new service to provide renewable energy certificates, including non-fossil energy certificates with tracking, that are in adherence with major international sustainability standards such as RE100 (*1) and CDP (*2). Specifically, in Japan, the company will procure and provide non-fossil energy certificates with tracking and J-Credits, while internationally it will procure and provide I-RECs (*3), which more than 50 countries comply with, as well as GOs and TIGRs.

Shizen International is looking for an Israeli energy-tech startup that will inspire us and join in our efforts. We’re going to hold a competition in Tel Aviv, Israel in July, 2023 and then in August we’ll bring the winning startup to our head office in Fukuoka, Japan to launch our collaboration. We’ll provide you with mentorship, support for commercialization, opportunities to expand your network in Japan and worldwide, and potentially with investment. Are you part of an innovative, inspiring, and disruptive start-up that can meet human needs for energy while also protecting the environment?

Shizen Energy Inc. (Shizen Energy) and AISIN Corporation (AISIN) have signed a long-term power purchase agreement based on the on-site PPA model (*1), utilizing roof-mounted and ground-mounted solar power generation systems with a capacity of approximately 5,264.23kWp (DC). Construction for one of the three project locations has been completed and was handed over to AISIN on February 1.

Shizen International Inc. (Shizen International), a Shizen Energy Group company, announces that it has invested in Bison Energy Group (Bison) and has taken a minority equity share in Bison Energy Group. Bison is a leading international private renewable power company with operations in Asia-Pacific and Europe regions. Bison was established in 2016 and within 6 years, was able to expand to 5 countries. , with an additional target of 3GW in solar generation by 2025. In addition, Bison has been successful in securing government subsidies with its track record of working with the Japanese government on rooftop solar initiatives.

On September 14th 2022, Shizen Energy Inc. (Shizen Energy) and Constant Energy held a ceremony to celebrate the completion of a 999.5 kWp (DC) capacity, Corporate PPA model rooftop solar power plant at the Thai subsidiary of Fuji Seal International Inc., a global packaging solutions company.

Shizen Energy Inc. (Shizen Energy), a renewable energy leader in Japan, and CDPQ, a global investment group, are pleased to announce a JPY 20-billion investment in Shizen Energy by CDPQ. Shizen Energy and CDPQ have also agreed to a co-investment framework, which will involve investments by CDPQ of JPY 50 billion. In addition, CDPQ has obtained a seat on Shizen Energy’s Board of Directors.

Alamport Inc., NiX Co., Ltd. and Shizen Energy Inc., through PT ATW Alam Hijau, a joint venture company in Indonesia, have been jointly developing a project to install 3.1MW Rooftop Solar Power System to Fast-Moving Consumer Goods and Printing Factories in Java Island, and this project has been selected by the Ministry of the Environment, Japan for Financing Programme for the Joint Crediting Mechanism (“JCM”) Model Projects (“JCM Model Projects”) [1] in FY2022.

On April 22, 2022, Shizen Malaysia Sdn Bhd (“Shizen Malaysia”), the group company of Shizen Energy Inc. in Southeast Asia has executed a second long-term Power Purchase Agreement for a rooftop-based solar PV plant with Top Glove Corporation Bhd(“Top Glove”), the world’s largest manufacturer of gloves commanding 26% of global market share which owns and operates 49 manufacturing facilities in Malaysia, Thailand, China and Vietnam, distributing to 195 countries worldwide.

On May 11, Kyuden International Corporation (Kyuden International), a member of the Kyuden Group, and Shizen International Inc. (Shizen International), the overseas arm of the Fukuoka-based renewable energy developer Shizen Energy Inc., entered into an agreement regarding a capital alliance, in order to promote collaboration in overseas development of renewable energy, mainly in Southeast Asia.

Shizen International Inc. (Shizen International), a Shizen Energy Group company, announces that on May 11, 2022, it entered into a capital alliance with Kyuden International Corporation (Kyuden International), the overseas business arm of the Kyushu Electric Power Group (Kyuden Group), to jointly develop the renewable energy business, primarily in Southeast Asia.

Shizen Energy Inc. (Shizen Energy) has announced that Shizen Energy and the Nusa Baiduri Consortium in Malaysia has agreed to implement a feasibility study through its fully owned subsidiary Shizen Malaysia Sdn Bhd.(Shizen Malaysia) for the development of a floating solar facility with a capacity of 150 MW which will be signed through an MOU on April 25th at the Asia Green Growth Partnership Ministerial Meeting (AGGPM) Public-Private Forum. This project is positioned as one of South East Asia’s largest floating facilities and in aligning with the Asia Energy Transition Initiative (AETI) promoted by the Japanese government.

KUALA LUMPUR, April 22 — Top Glove Corporation Bhd has entered into a 20-year power purchase agreement (PPA) with Shizen Malaysia Sdn Bhd as the world’s largest glovemaker expands its solar energy use. Top Glove said Shizen Malaysia, a unit of Japan’s Shizen Energy Inc, will install, own, and operate a 10 megawatt (MW) “peaking grid,” with the glovemaker buying the electricity generated by Shizen Malaysia for 20 years through the partnership.

Shizen Energy Inc. (Shizen Energy) and Alam Nix Renewables Pte., Ltd. (ANR) have completed construction of an approximately 1MW solar power plant in Indonesia. The completion ceremony was held on April 19, attended by Vice Minister of Embassy of Japan in Indonesia Mr. Masami Tamura, Deputy Ambassador of Embassy of Switzerland Mr. Philippe Strub, and other honored guests. Shizen Energy and ANR have established a local subsidiary, PT ATW Alam Hijau (AAH), together with the ATW Group. ATW Group is involved in sales of solar power generation equipment and construction of solar power plants. Through its operation, AAH aims to develop the solar power generation business in Indonesia.

Shizen International Inc. (Shizen International), an international development and asset management company of renewable energy power plants, has concluded a solar farm agreement for 17 locations in Brazil for a total of 33.4 MWp to be completed within 2022. Fazsol Energias Renováveis (FazSol), a joint venture between Shizen Energia do Brasil Ltda (Shizen Brazil) and Brazilian real estate developer Espaço Y, has concluded this agreement with Órigo Energia, the leading distributed solar power generation company in Brazil.

Shizen International Inc. (Shizen International), an international development and asset management company of renewable energy power plants, announces the beginning of commercial operations of a solar power plant in Brazil which will supply power to a Brazilian furniture and appliance retail chain. Fazsol Energias Renováveis (FazSol), a joint venture between Shizen Energia do Brasil Ltda (Shizen Brazil) and Brazilian real estate developer Espaço Y, has completed the grid connection of the new solar power plant located in Pará, Brazil on January 17th, 2022 and will start commercial operations in March.

On February 7th, 2022, Shizen Energy Inc. (Shizen Energy) and Constant Energy concluded a long-term Power Purchase Agreement for a 1,169 kWp solar rooftop operation with Panasonic Energy (Thailand). Panasonic Energy (Thailand) is a leading manufacturer of batteries in Thailand, and this solar rooftop project located in Samut Prakan province will enable significant power cost reduction by using competitive renewable energy, and approximately 13,745 tons of carbon dioxide emissions are expected to be reduced during the 20 year contract.

On November 29, 2021, Shizen Malaysia Sdn Bhd (“Shizen Malaysia”), the group company of Shizen Energy Inc. in Southeast Asia has executed a first long-term Power Purchase Agreement for a rooftop-based solar PV plant with Top Glove Corporation Bhd(“Top Glove”), the world’s largest manufacturer of gloves commanding 26% of global market share which owns and operates 48 manufacturing facilities in Malaysia, Thailand, China and Vietnam, distributing to 195 countries worldwide.

On November 11, 2021, Shizen Energy Inc. (“Shizen Energy”) and Constant Energy have executed a long-term Power Purchase Agreement with Aisin Thai Automotive Casting Co., Ltd, (“ATAC”) that will expand its existing 1MW solar rooftop to a total of 3.7MW. Aisin Thai Automotive Casting is a joint venture between AISIN CORPORATION(Japan) and Toyota Tsusho (Thailand) Co., Ltd. This solar rooftop project is located in Kabinburi Industrial Zone, in Prachinburi province.

Shizen Energy’s proposal titled “Feasibility study on Microgrid Control Solutions Utilizing Digital Technology for Expanding Renewable Energy in Vietnam”has been selected for the Feasibility Study (Low Carbon/Decarbonization Field) for the Joint Crediting Mechanism (JCM) of the FY 2021 Study on the infrastructure development project for acquisition of JCM credits (Project commissioned by the Ministry of Economy, Trade and Industry or METI).

Shizen Energy Inc. (“Shizen Energy”) and Constant Energy completed the power grid connections and commenced operation on April 2021 for the 1MW rooftop solar power plant under a corporate PPA with Aisin Thai Automotive Casting Co., Ltd, a joint venture between Aisin Seiki Co., Ltd.(Japan) and Toyota Tsusho (Thailand) Co., Ltd. which PPA has signed in Oct, 2020, and been under construction since January 2021 in Kabinburi Industrial Zone, in Prachinburi province. The power plant began commercial operations in April 2021.

Shizen Energy Inc. (“Shizen Energy”) and Alamport Inc. (“Alamport”) announced that we started the construction to install rooftop solar power plants (total of 4.2 MW) at 13 locations including factories and shops in Indonesia in April 2021.

Shizen Energy has proposed, and been chosen by METI to perform a feasibility study on the installation of solar power plants and provision of digital services to Japanese customers located in industrial zones in Brazil. The group will investigate and analyze the technical and regulatory aspects related to the generation power plants, and carry out commercial verifications.

On December 26, 2020, Shizen Malaysia Sdn. Bhd. (“Shizen Malaysia”), an affiliate company of Shizen Energy Inc. (“Shizen Energy”) announced that it has reached commercial operation on Hau Giang Solar Power Plant (35MWp (DC)), a large-scale solar power plant in Vietnam in which Shizen Energy has invested and managed the construction.

Shizen Energia do Brasil Ltda (“Shizen Brazil”), a joint venture of Shizen Energy Inc. (“Shizen Energy”) from Japan and local partner MS Consultoria e Suporte, and Brazilian real estate developer Espaço Y completed the power grid connections on September 4th, 2020 for the 1.3 MW (DC) solar power plant which has been under construction since February 20th, 2020 in Brasilia, Brazil. The power plant began commercial operations in September 2020.

Shizen Energia do Brasil Ltda (“Shizen Brazil”), a joint venture of Shizen Energy Inc. (“Shizen Energy”) from Japan and local partner MS Consultoria e Suporte, and Brazilian real estate developer Espaço Y held a inauguration ceremony on October 15th, 2020 for the 1.4MW (DC) solar power plant located in São Domingos do Araguaia, Pará, Brazil to supply power to Bank of Brazil. The construction of the plant began in April 2020, and is expected to achieve commercial operations in early November 2020.

On October 29, 2020, Shizen Energy Inc. (“Shizen Energy”) and Constant Energy have executed a long-term Power Purchase Agreement for a first rooftop-based solar PV plant with Aisin Thai Automotive Casting Co., Ltd, a joint venture between Aisin Seiki Co., Ltd.(Japan) and Toyota Tsusho (Thailand) Co., Ltd. This solar rooftop project is located in Kabinburi Industrial Zone, in Prachinburi province.

Shizen Energia do Brasil Ltda (“Shizen Brazil”), a joint venture of Shizen Energy Inc. (“ShizenEnergy”) from Japan and local partner MS Consultoria e Suporte, and Brazilian real estate developer Espaço Y held a completion ceremony on September 19th, 2020 for the solar power plant located in Brasilia, Brazil. The construction of the plant began in June 2020, and began commercial operations in September 2020.

On July 31th 2020, Shizen Energy Inc. (“Shizen Energy”) and Constant Energy completed construction of seven C&I (Commercial & Industrial) power plants with capacity of 5MW as a solar corporate PPA C&I project in Thailand. It is the first joint project to be constructed under the MOU signed on October 9th, 2019.

Shizen Energia do Brasil Ltda (“Shizen Brazil”), a joint venture of Shizen Energy Inc. (“Shizen Energy”) from Japan and local partner MS Consultoria e Suporte, and Brazilian real estate developer Espaço Y completed the power grid connections on July 27th, 2020 for the 1.1 MW (DC) solar power plant Elzi Portela which has been under construction since November 19th, 2019 in Brasilia, Brazil. The power plant is expected to begin commercial operations before the end of August 2020. Elzi Portela will be Shizen Brazil’s second solar power plant in Brazil.

The Caraga Wind Project Consortium, an international consortium in which Shizen Energy Inc. (“Shizen Energy”) participates as a partner, has been selected for the Financing Programme for Joint Crediting Mechanism (JCM) Model Projects in FY2019 through FY2021 for which Japan’s Ministry of the Environment issued a call for project proposals. As a result of this selection, the consortium will now be working on a roughly 33 MW wind power generation development (“This Project”) in the Caraga Region of Mindanao, Philippines.

SE has been ranked in the “High-Growth Companies Asia-Pacific” (Top 500 companies) ranking of 11 countries in the Asia-Pacific region, sponsored by Financial Times and a research firm Statista. In Japan, 69 companies which are showing strong growth potential and increasing their presence in Japan and abroad, ranked.