Eco革 Joins Forces with Solar Planet for Decarbonization Initiatives in Japan
Partnership Announcement between Eco革 and Solar Planet
In a strategic move towards sustainable energy, Eco革, a consolidated subsidiary specializing in solar power, has announced its partnership with Solar Planet, a joint venture established by Prominet Power, wholly owned by Tokyo Gas, and Sumitomo Mitsui Trust Bank. This collaboration is focused on securing solar power plants aimed at promoting decarbonization initiatives.
Background of the Partnership
Eco革 has a proven track record in the solar power industry, having developed numerous solar power plants across Japan, especially in the Kanto region. The company excels in overseeing the entire process of land acquisition, material procurement, and construction, which has substantially contributed to its success in the industry since its inception.
Solar Planet was created in February 2024 to address the growing demand for renewable energy among companies striving for carbon neutrality. With an ambitious goal to develop and operate decentralized solar power plants across 200 locations with a total output of 20 MW, Solar Planet aims to offer solutions that meet the needs of RE100 member companies.
Recognizing Eco革’s strong development capabilities, Solar Planet chose to partner with them to enhance their small-scale solar power projects.
Details of the Collaboration
Under the terms of this partnership, Eco革 will manage various operational activities including site selection, acquisition negotiations, and securing power systems. The collaboration sets a goal to supply approximately 60 small-scale solar power plants within the first year.
Overview of Solar Planet
- - Name: Solar Planet LLC
- - Location: 2-20-7 Kanda Misakicho, Chiyoda-ku, Tokyo
- - Representative: Kazumichi Sugawara, Executive Committee Member
- - Business Focus: Development, ownership, and operation of small-scale solar power plants
- - Establishment Date: February 2024
- - Major Shareholders: Prominet Power (50%), Sumitomo Mitsui Trust Bank (50%)
Overview of Eco革
- - Name: Eco革 Inc.
- - Location: 1322-9 Takahagicho, Sano, Tochigi Prefecture
- - Representative: Shigezo Ito, President
- - Main Business: Industrial solar power generation, maintenance of solar equipment, electricity sales, and land transactions
- - Capital: 100 million yen
- - Establishment Date: October 29, 2013
Future Prospects
Following the successful conclusion of the basic agreement, Eco革 has already started multiple individual contracts aimed at various projects. Construction is currently underway for these projects, and the partnership management is focused on securing additional new projects. Although the current impact of this partnership on Eco革's business performance is minimal, the company commits to providing timely updates should any significant developments occur.
For more detailed information, please refer to the public releases from Tokyo Gas and Sumitomo Mitsui Trust Bank regarding the operational commencement of their joint venture.
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