Kaihan subsidiary acquires 50 more solar assets to boost renewable energy portfolio

Kaihan Co. announced today that its consolidated subsidiary, KR Energy No. 1 LLC, will acquire 50 solar power generation facilities. This acquisition, valued at 798 million yen, is part of an engineering, procurement, and construction (EPC) contract with Sunlife Corporation. The facilities, totaling 4.750 MW-DC/2.475 MW-AC, are expected to begin operations sequentially by the end of December 2025, contributing to the company's existing long-term power purchase agreements with a global IT company.

This acquisition brings KR Energy No. 1 LLC's total acquired facilities to 211, with an output of 10,445 ACkW and an estimated annual power generation of 24,205,100 kWh. This represents 63.9% of the planned 330 facilities and 63.9% of the target output of 16,335 ACkW. The new facilities are projected to add approximately 9 million yen to sales in the fiscal year ending March 2026.

The acquisition will be funded through a combination of the company's own capital and borrowed funds, utilizing proceeds from the exercise of stock acquisition rights. Construction is scheduled to begin in September 2025, with completion and grid connection expected by December 2025. Sunlife Corporation, the selected contractor, is recognized for its technical expertise and experience in energy and solar power development.