Conclusion of Shareholder Agreement for Joint Development of Off-site Corporate PPA Solar Power Generation
Mitsubishi HC Capital Energy and Tohoku Electric Power have signed an agreement for the joint development and operation of solar power facilities utilizing off-site corporate PPAs. They aim to develop 20MW of solar power in the six Tohoku prefectures and Niigata Prefecture by fiscal year 2028, contributing to the spread of renewable energy and the realization of a carbon-neutral society.
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- 📰 Published: May 7, 2026 at 20:00
- 🔍 Collected: May 7, 2026 at 11:31
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Mitsubishi HC Capital Energy Co., Ltd. (President and CEO: Eiichi Kihara; hereinafter, Mitsubishi HC Capital Energy), a group company of Mitsubishi HC Capital Inc., and Tohoku Electric Power Co., Inc. (President and CEO: Kazuhiro Ishiyama; hereinafter, Tohoku Electric Power) have agreed on a collaboration for the development and operation of "solar power generation facilities primarily non-FIT" to be utilized for off-site corporate PPAs*, and have concluded a shareholder agreement.
Moving forward, based on this agreement, a limited liability company (hereinafter, SPC) will be established as the business entity responsible for the development and operation of solar power generation facilities, with the goal of developing 20MW of solar power generation primarily in the six Tohoku prefectures and Niigata Prefecture by fiscal year 2028.
Furthermore, electricity generated by the solar power generation facilities owned and operated by the SPC will be wholly purchased by Tohoku Electric Power, an electricity retailer, and supplied to customers as electricity and environmental value through off-site corporate PPAs.
Mitsubishi HC Capital Energy provides development and operation of solar power businesses, as well as investment and asset management services. In this SPC, by leveraging its accumulated expertise in renewable energy (hereinafter, RE) and financial knowledge necessary for business investment, it aims to further expand its solar power business and contribute to the realization of a carbon-neutral society, which is a societal issue, through accelerating strategic partnerships.
The Tohoku Electric Power Group will continue to undertake new development of RE power sources and contribute to the realization of carbon neutrality in Japan across the entire value chain through offering optimal services that combine various "green energy solutions," including RE-derived corporate PPAs.
*Off-site Corporate PPA: A service where Tohoku Electric Power, an electricity retailer, purchases RE-derived electricity from a power generation business operator that owns solar or wind power plants located off the premises of a demanding customer, and sells it to the customer via the grid network of a general transmission and distribution business operator.
1. Outline of this Business and Scheme Diagram
[Outline]
Category | Description
---|---
Business Content | Solar power generation business
Investment Form | Joint investment
Development Target | 20MW (rated output) by fiscal year 2028
Development Area | Primarily the six Tohoku prefectures and Niigata Prefecture
Electricity Handling | Tohoku Electric Power to wholly purchase and utilize as off-site corporate PPA
[Scheme Diagram]
2. Company Overviews
Company Name: Mitsubishi HC Capital Inc. (https://mitsubishi-hc-capital.com)
Location: Shin-Marunouchi Building, 1-5-1 Marunouchi, Chiyoda-ku, Tokyo
Representative: Daiju Hisai, Representative Director, President and CEO
Established: April 12, 1971
Capital: 33,196 million JPY
Business Activities: Leasing of various properties, installment sales of various properties, various finance operations, etc.
Company Name: Mitsubishi HC Capital Energy Co., Ltd. (https://mhc-energy.com)
Location: Shin-Marunouchi Building, 1-5-1 Marunouchi, Chiyoda-ku, Tokyo
Representative: Eiichi Kihara, Representative Director and President
Established: October 15, 2015
Capital: 150 million JPY
Business Activities: Renewable energy generation business, storage battery business, energy-related asset management business, etc.
Company Name: Tohoku Electric Power Co., Inc. (https://www.tohoku-epco.co.jp/)
Location: 1-7-1 Honcho, Aoba-ku, Sendai City, Miyagi Prefecture
Representative: Kazuhiro Ishiyama, Representative Director, President and CEO
Established: May 1, 1951
Capital: 251.4 billion JPY
Business Activities: Electricity business, etc.
Moving forward, based on this agreement, a limited liability company (hereinafter, SPC) will be established as the business entity responsible for the development and operation of solar power generation facilities, with the goal of developing 20MW of solar power generation primarily in the six Tohoku prefectures and Niigata Prefecture by fiscal year 2028.
Furthermore, electricity generated by the solar power generation facilities owned and operated by the SPC will be wholly purchased by Tohoku Electric Power, an electricity retailer, and supplied to customers as electricity and environmental value through off-site corporate PPAs.
Mitsubishi HC Capital Energy provides development and operation of solar power businesses, as well as investment and asset management services. In this SPC, by leveraging its accumulated expertise in renewable energy (hereinafter, RE) and financial knowledge necessary for business investment, it aims to further expand its solar power business and contribute to the realization of a carbon-neutral society, which is a societal issue, through accelerating strategic partnerships.
The Tohoku Electric Power Group will continue to undertake new development of RE power sources and contribute to the realization of carbon neutrality in Japan across the entire value chain through offering optimal services that combine various "green energy solutions," including RE-derived corporate PPAs.
*Off-site Corporate PPA: A service where Tohoku Electric Power, an electricity retailer, purchases RE-derived electricity from a power generation business operator that owns solar or wind power plants located off the premises of a demanding customer, and sells it to the customer via the grid network of a general transmission and distribution business operator.
1. Outline of this Business and Scheme Diagram
[Outline]
Category | Description
---|---
Business Content | Solar power generation business
Investment Form | Joint investment
Development Target | 20MW (rated output) by fiscal year 2028
Development Area | Primarily the six Tohoku prefectures and Niigata Prefecture
Electricity Handling | Tohoku Electric Power to wholly purchase and utilize as off-site corporate PPA
[Scheme Diagram]
2. Company Overviews
Company Name: Mitsubishi HC Capital Inc. (https://mitsubishi-hc-capital.com)
Location: Shin-Marunouchi Building, 1-5-1 Marunouchi, Chiyoda-ku, Tokyo
Representative: Daiju Hisai, Representative Director, President and CEO
Established: April 12, 1971
Capital: 33,196 million JPY
Business Activities: Leasing of various properties, installment sales of various properties, various finance operations, etc.
Company Name: Mitsubishi HC Capital Energy Co., Ltd. (https://mhc-energy.com)
Location: Shin-Marunouchi Building, 1-5-1 Marunouchi, Chiyoda-ku, Tokyo
Representative: Eiichi Kihara, Representative Director and President
Established: October 15, 2015
Capital: 150 million JPY
Business Activities: Renewable energy generation business, storage battery business, energy-related asset management business, etc.
Company Name: Tohoku Electric Power Co., Inc. (https://www.tohoku-epco.co.jp/)
Location: 1-7-1 Honcho, Aoba-ku, Sendai City, Miyagi Prefecture
Representative: Kazuhiro Ishiyama, Representative Director, President and CEO
Established: May 1, 1951
Capital: 251.4 billion JPY
Business Activities: Electricity business, etc.