Q.ENEST Group Signs Bridge Loan Agreement with JA Mitsui Leasing for Low-Voltage Solar Power Plant Development Projects

Q.ENEST Group (Q.ENEST Holdings and its subsidiary Q.ENEST Denki, hereinafter 'the Group'), which promotes the power business of Hanwha Japan Co., Ltd. (Headquarters: Minato-ku, Tokyo; Representative Director: Jang Hee-jae), has entered into a development bridge loan agreement with JA Mitsui Leasing Co., Ltd. (hereinafter 'JA Mitsui Leasing') as the lender, targeting domestic low-voltage solar power plant development projects.

Low-voltage solar power generation equipment - Installation view

■ Purpose and Background of this Financing

The Group is forming a renewable energy fund targeting low-voltage solar power plants distributed nationwide and is building a green electricity supply system. This agreement will be utilized as a dedicated financing facility for acquiring new development projects and construction costs aimed at future inclusion in the fund.

By securing a highly agile bridge finance function, the Group aims to achieve early realization of quality development projects and maximize construction speed, further expanding its 'integrated generation and sales' green electricity supply model.

■ Ensuring Financial Strategy Flexibility and Speed

This initiative follows the previously announced renewable energy fund formation and long-term operational fund procurement, establishing a flexible funding supply system during the development phase.

Through collaboration with JA Mitsui Leasing, which has strong networks of the JA Group and Mitsui Group, as well as close cooperation with parent company Hanwha Japan Co., Ltd., the Group will strengthen the value chain from development to operation and power retail, contributing to the realization of a decarbonized society in Japan.

*1 Press release dated April 10, 2026: https://www.qenest.com/news/20260410
Press release dated May 12, 2026: https://www.qenest.com/news/20260512

■ Future Outlook

The Group will continue to integrate renewable energy development, operation, and power retail functions, striving to build a sustainable energy infrastructure through stable green electricity supply.

【About Hanwha Japan Co., Ltd.】

Established in 1984 as the Japanese subsidiary of Hanwha Corporation, one of South Korea's largest companies. It operates three divisions: Green Energy, Chemical, and Product Solutions, handling import/export of chemicals, steel, machinery/equipment, automotive parts, IT-related devices, and other core industries among Asian countries, as well as sales in the Japanese market. It entered Japan's solar power business in 2011, and as of March 2026, achieved cumulative shipments of 7.8GW to Japan and 210,000 residential installations. In April 2026, it launched the total energy solution brand 'ENERICH™', combining solar panels, storage batteries, HEMS, electricity, and power trading. Together with nationwide sales partners, it aims to transform household energy from 'consumption' to 'assets' and realize a sustainable society.

'Hanwha Japan': https://www.hanwha-japan.com/

'Solar Power Brand Q CELLS and Re.RISE Official Site': https://www.q-cells.jp/

【About Q.ENEST Holdings Co., Ltd.】

Established as the power business of Hanwha Japan's Japanese subsidiary and became independent in 2023. It develops diverse renewable energy businesses including VPP, storage batteries, solar power generation, and power retail, centered on green technology. To promote green transformation (GX) in Japan, it leverages proprietary green technology based on its own power generation and retail know-how, aiming to build an integrated generation and sales business model that enables everyone to use renewable energy at affordable prices.

Q.ENEST Holdings official website: https://www.qenest.com/

【About Q.ENEST Denki Co., Ltd.】

Established as a power retailer in June 2017. Currently under Q.ENEST Holdings, it focuses on solar power generation, power retail, and GX (Green Transformation) businesses to stably supply renewable energy to households and corporate customers, developing new solutions in renewable energy. In fiscal 2025, it received the highest rating of five stars in the Ministry of Economy, Trade and Industry's 'Energy-Saving Communication Ranking System' for retail electricity providers.

Q.ENEST Denki official website: https://www.corp.qenest-denki.com/

【Media Inquiries】

Hanwha Japan Co., Ltd. (Inquiry form): https://www.hanwha-japan.com/inquiry/press-inquiry/

Q.ENEST Holdings Co., Ltd. (Inquiry form): https://form.run/@qehdcontact/