Cosmo Eco Power and Fuji Electric Conclude Virtual PPA Agreement

Cosmo Eco Power Co., Ltd. (hereinafter "Cosmo Eco Power"), a group company of Cosmo Energy Holdings Co., Ltd., and Fuji Electric Co., Ltd. (hereinafter "Fuji Electric") are pleased to announce that they have concluded a Virtual Power Purchase Agreement (hereinafter "this PPA")*1. Through this PPA, Fuji Electric's Matsumoto factory (Matsumoto City, Nagano Prefecture), which manufactures power semiconductors*2, will receive the environmental value generated from the Enshu Wind Power Plant (Kakegawa City, Shizuoka Prefecture, power generation capacity: 6,330kW) currently under construction by Cosmo Eco Power. This is expected to reduce CO2 emissions by approximately 4,210 tons annually (equivalent to about 1,700 households). Fuji Electric, in its "Environmental Vision 2050," has set a target for fiscal year 2030 to reduce greenhouse gas emissions during production by more than 46% compared to fiscal year 2019. The company is promoting energy conservation measures, installation of solar power generation facilities at its production sites, and expansion of renewable energy procurement. Through these efforts, Fuji Electric plans to increase the ratio of renewable energy in its total company-wide electricity consumption to 55% by fiscal year 2030 (9% as of fiscal year 2024). The current contract with Cosmo Eco Power is part of the measures to achieve this goal. As a member of the Cosmo Energy Group, Cosmo Eco Power is committed to the realization of "Carbon Net Zero by 2050" by working to expand the development and supply of renewable energy, including wind power generation. We will continue to strengthen cooperation with customers promoting decarbonization, and contribute to the promotion of renewable energy and the development of local communities. [Enshu Wind Power Plant Overview] Location Kakegawa City, Shizuoka Prefecture Scheduled Start of Operation First half of fiscal year 2027 Facility Capacity 6,330kW (Two 4,220kW units, with output limitation to the above capacity) *1 Abbreviation for "Power Purchase Agreement." It is a contract where a customer purchases electricity from renewable energy sources from a power generator over a long period. A Virtual PPA is also called a virtual electricity purchase agreement because the customer only purchases the environmental value. *2 Semiconductor devices that efficiently control and convert high voltage and large current for the purpose of electrical power conversion and control. Keywords: