Using Solar Power Plants Developed by HEXA Renewables Japan in Miyagi and Iwate

Tokyo, Japan – October 22, 2026

HEXA Energy Services G.K. (Head Office: Chiyoda-ku, Tokyo; Executive Managers: Yuko Shah and Yoichiro Mizuta; “HEXA” or the “Company”) is pleased to announce that The Niigata Nippo (Head Office: Niigata City, Niigata Prefecture; President and Representative Director: Akira Sato; “Niigata Nippo”) will adopt an off-site corporate power purchase agreement service (the “Service”) provided by Tohoku Electric Power Co., Inc. (Head Office: Sendai City, Miyagi Prefecture; President and Chief Executive Officer: Kazuhiro Ishiyama; “Tohoku Electric Power”) on November 1, 2026.

An off-site corporate PPA is a structure under which an electricity retailer purchases renewable electricity from a power producer that owns generation facilities located away from the customer’s premises and supplies the electricity to the customer through the general transmission and distribution network.

Through investments in Japan’s energy infrastructure, HEXA develops renewable energy and grid-scale battery energy storage businesses. HEXA’s group company, HEXA Renewables Japan Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; President and Representative Director: Chenhua Shen; “HEXA Renewables Japan”), provides electricity and environmental value tailored to the decarbonization needs of corporate customers.

Under the Service, Tohoku Electric Power, acting as the electricity retailer, will supply renewable electricity generated by two solar power plants developed by HEXA Renewables Japan in Miyagi and Iwate prefectures to Niigata Nippo’s head office building and Kurosaki printing plant, both located in Niigata City, for a period of 20 years from November 1, 2026. The Service is expected to reduce CO2 emissions by approximately 450 t-CO2 annually.

　　　
Comment from HEXA

“We are very pleased to support Niigata Nippo’s decarbonization initiatives through solar power plants developed by HEXA Renewables Japan. Under the Service, renewable electricity generated by solar power plants in Miyagi and Iwate prefectures will be supplied to Niigata Nippo’s head office building and Kurosaki printing plant over the long term. HEXA will continue to contribute to Japan’s energy transition by providing electricity and environmental value tailored to customers’ decarbonization needs.”

Outlook

Through the Service, HEXA and HEXA Renewables Japan intend to support Niigata Nippo’s decarbonization initiatives while contributing to the wider adoption of corporate PPAs and renewable energy in Japan, in collaboration with relevant stakeholders and local communities.

Overview of the Service

Notes

1. Rated output refers to the power that generation equipment can stably produce.

2. The estimated CO2 emissions reduction is calculated using Tohoku Electric Power’s basic and adjusted emission factor of 0.000421 t-CO2/kWh for “Menu D (residual),” as published in the Ministry of the Environment and Ministry of Economy, Trade and Industry’s “Emission Factors by Electricity Provider (FY2024 Results).”

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