Q.ENEST Group Enters into Development Bridge Loan Agreement with JA Mitsui Leasing for Small-Scale Solar Power Projects

The Q.ENEST Group, which promotes the power business of Hanwha Japan Co., Ltd. (Q.ENEST Holdings and its subsidiary Q.ENEST Denki, hereinafter "the Group"), has concluded a development bridge loan agreement with JA Mitsui Leasing, Ltd. (hereinafter "JA Mitsui Leasing") as the lender, targeting small-scale (low-voltage) solar power generation development projects in Japan.

Purpose and Background of this Funding The Group is establishing a renewable energy fund covering low-voltage solar power plants dispersed across Japan to build a green power supply system. This contract will be utilized as a funding facility specifically for the acquisition and construction of new development projects intended for future inclusion in the fund.

By securing high-mobility bridge financing capabilities, the Group aims to achieve the early realization of high-quality development projects and maximize construction speed, further expanding its 'integrated generation and retail' green power supply model.

Ensuring Flexibility and Speed in Financial Strategy Following the previously announced establishment of a renewable energy fund and the procurement of long-term operational funds, this initiative builds a flexible funding supply system for the development phase.

Leveraging the strong network of JA Mitsui Leasing—which possesses the robust foundations of the JA Group and the Mitsui Group—and in close cooperation with the parent company, Hanwha Japan Co., Ltd., the Group will strengthen its entire value chain, from development and operations to electricity retail, contributing to the realization of a decarbonized society in Japan.