The commencement of commercial operations at the 50,000kW biomass power plant in Tahara City, Aichi Prefecture

Tahara Biomass Hatsudensyo G.K. (hereinafter "TBH"), and its eight sponsors, which are Japan Petroleum Exploration Co., Ltd. (JAPEX), SHIZUOKA GAS AND POWER, TOKYO ENERGY & SYSTEMS INC., KAWASAKI KINKAI KISEN KAISHA, LTD., DAIICHI JITSUGYO CO., LTD., Iwatani Corporation, EF Investment Co., Ltd., and Solariant Capital Co., Ltd. (hereinafter the "Sponsors" ), announce that Tahara Biomass Power Plant (hereinafter the "Power Plant") promoted by TBH as the main business entity has started the commercial operation on April 1, 2025.

The Power Plant is a biomass-only power plant with an output capacity of 50,000 kW that uses 100% wood pellets as its power generation fuel. The amount of power generation is approximately 350 GWh per year and all of them are sold to CHUBU Electric Power Grid Co., Inc., based on the Feed-in tariffs scheme (FIT) for renewable energy.

TBH has conducted the management of the Power Plant, while the Sponsors have been entrusted from TBH with the works such as operation and maintenance of the Power Plant, procurement, transportation and management of the fuel, depending on each company's capabilities. The Sponsors have also cooperated and supported TBH for building and keeping relationships with local government and neighborhoods.

Please refer to the appendix for the outline of the Power Plant and TBH as the main business entity.

TBH and the Sponsors will continue to contribute to the expansion of renewable energy and the development of the local economy, with understanding and support from stakeholders of the neighborhoods.