Conclusion of Power Purchase Agreement for Onshore Wind Power Generation Business

Tokyo Gas Co., Ltd. (President and CEO: Shinichi Sasayama, hereinafter "Tokyo Gas") has concluded a Power Purchase Agreement (hereinafter the "Agreement") with Reihoku Wind Energy Joint Venture LLC (hereinafter "Reihoku Wind Energy"), an investment by Renova, Inc. (President and CEO: Yosuke Kinami, hereinafter "Renova"), for the Reihoku-Amakusa Onshore Wind Power Generation Business.

Under this Agreement, Tokyo Gas will purchase the electricity and environmental value generated at the power plant for 25 years and supply it through its electricity retail business. Wind power generation is expected to generate electricity even at night, when solar power generation is difficult, making it an effective power source for improving the balance between supply and demand from the perspective of simultaneous delivery, which matches electricity supply and demand on an hourly basis.

This Agreement is one of the concrete initiatives based on the capital and business alliance agreement (Note 1) concluded between Tokyo Gas and Renova in April 2024. The two companies will continue to promote collaboration in the development and acquisition of renewable energy power sources and the utilization of electricity and environmental value. Through this Agreement, Tokyo Gas will diversify its portfolio of renewable energy power sources and respond to the decarbonization needs of its customers.

Construction of the Reihoku-Amakusa Wind Power Plant (provided by Renova)

Tokyo Gas has set forth "Building an Ecosystem of Co-creation" and "Challenge for Net Zero CO2" in its Group Management Vision "Compass2030." We will create and provide various services that solve diverse issues from individual lives to local communities, and contribute to "the realization of a carbon-neutral society" together with our customers.

Tokyo Gas Group celebrates its 140th anniversary. We will continue to take on challenges as a company that goes beyond Tokyo and beyond gas, anticipating the future.

[Power Plant Overview]

Power Plant Name

Reihoku-Amakusa Wind Power Plant

Location

Reihoku Town, Amakusa District, Kumamoto Prefecture

Installed Capacity

54,600 kW

Estimated Annual Power Generation

109,000,000 kWh

Project Owner

Reihoku Wind Energy Joint Venture LLC

Scheduled Start of Power Sales

Fiscal Year 2027

Note 1: Regarding the conclusion of a capital and business alliance agreement with Renova and the underwriting of a third-party allocation of new shares (announced April 1, 2024)

Note 2: A business ecosystem where many companies bring together technologies, know-how, and knowledge from their respective areas of strength to create new value.

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