Tokyo Metro and SMFL Group Sign Virtual PPA Contract Utilizing Solar Power Plants

## Conclusion of Virtual PPA Contract

Tokyo Metro Co., Ltd. (hereinafter "Tokyo Metro") and SMFL Mirai Partners Co., Ltd. (hereinafter "SMFL Mirai Partners"), a strategic subsidiary of Sumitomo Mitsui Finance and Leasing Company, Limited (hereinafter "SMFL"), have signed a virtual PPA contract utilizing solar power plants.

## Contract Details and Environmental Value

Under this contract, Tokyo Metro will procure environmental value generated by existing solar power plants operated by a special purpose company (SPC) 100% owned by SMFL Mirai Partners. This value, equivalent to approximately 60 million kWh annually, will be provided as non-FIT non-fossil fuel certificates. This initiative will enable an annual CO2 emission reduction of approximately 25,000 tons, which accounts for about 7.5% of Tokyo Metro's total CO2 emissions.

## About Virtual PPA and Environmental Value

- Virtual PPA: A contract form where electricity consumers acquire environmental value from renewable energy power plants over a long period.
- Environmental Value: The added value of "zero CO2 emissions" resulting from renewable energy generation.
- Non-FIT Non-Fossil Fuel Certificates: Certificates converting environmental value from non-FIT renewable energy power plants into tradable assets.

## Company Initiatives

### Tokyo Metro

Under its long-term environmental target, "Metro CO2 Zero Challenge 2050," Tokyo Metro aims to achieve net-zero emissions by fiscal year 2050. It is promoting renewable energy use alongside vehicle efficiency improvements and equipment upgrades.

### SMFL Group

SMFL Group provides comprehensive sustainability solutions, including investment support for renewable energy equipment, decarbonization subsidy support, and CO2-free electricity supply.