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.