Cancellation of Onshore Wind Power Generation Project in Shinshiro and Shitara of Aichi Prefecture

Chubu Electric Power Co., Inc. (Head Office: Higashi-ku, Nagoya; President & Director: Kingo Hayashi) and OSCF. Co., Ltd. (Head Office: Minato-ku, Tokyo; Representative Director: Akitoshi Umeda) have decided to cancel the study of an onshore wind power generation project ("the project") in Shinshiro City and Shitara Town, Kitashitara County, Aichi Prefecture, Japan, which had been studied for its development feasibility.

In accordance with the Environmental Impact Assessment Act, a document on Primary Environment Impact Consideration for the project was sent to the Minister of Economy, Trade and Industry, the Governor of Aichi Prefecture, the Mayor of Shinshiro City, the Mayor of Shitara Town, and the Mayor of Toyota City on January 17, 2022.

However, as a conclusion of a detailed study based on the results of wind observation in the area where the project is planned to be implemented, it was determined that it would be difficult to ensure sufficient feasibility of the project, and today we submitted a notice of Abandonment of Class-1 Project to the Minister of Economy, Trade and Industry, the Governor of Aichi Prefecture, the Mayor of Shinshiro City, the Mayor of Shitara Town, and the Mayor of Toyota City in accordance with the Environmental Impact Assessment Act.

We would like to again thank the local community and all other stakeholders for their tremendous support and cooperation.

Both companies will continuously contribute to the realization of a decarbonized society through their efforts to expand renewable energy.