Conclusion of Comprehensive Collaborative Agreement for Realization of Decarbonized Society in Food and Agriculture Sector in Mie: Initiatives for Agrivoltaics Project

Chubu Electric Power Co., Inc. (President & Director: Kingo Hayashi, hereinafter "Chubu Electric Power") and Mie Prefectural Credit Federation of Agricultural Cooperatives (President: Masaki Naito, hereinafter "JA Mie Shinren") concluded "Comprehensive Collaborative Agreement for Realization of Decarbonized Society in Food and Agriculture Sector in Mie Prefecture" (hereinafter "the agreement") on March 29, 2024.
As an initiative under the agreement, the two parties today also signed a loan agreement for the agrivoltaics project planned by Chubu Electric Power through its operating companies at seven sites in Mie Prefecture.
One of the sites has been under construction since April 22, 2024, and plans for the other sites will be progressed in sequence.
This will be the first time that the two parties have collaborated on the agrivoltaics project.

Based on the agreement, the two parties will leverage their respective knowledge and strengths to collaborate in solving regional issues and promoting and revitalizing the region, thereby contributing to the realization of a decarbonized society in the food and agriculture sector in Mie Prefecture.

1.Collaboration subjects in the agreement

(1) Actions toward the realization of a decarbonized society
(2) Promotion of energy solutions
(3) Development of sustainable agriculture
(4) Exercise of agricultural financial functions
(5) Other items that are consistent with the purpose of the agreement

[The signing ceremony of the agreement]

From left, Atsuhiro Horiuchi: Representative Director & Senior Managing Director, General Manager of Operations Headquarters, JA Mie Shinren
Yoshiki Mizuguchi: Executive Officer of Chubu Electric Power, General Manager of Project Promotion Department, Renewable Energy Company

2.Overview of agrivoltaics project