RENOVA, Inc. announces that it has concluded a power purchase agreement ("PPA"), under which power generated by new solar power plants to be developed by RENOVA will be sold directly to Evergreen Marketing Co. Ltd. This agreement has already taken effect. With a mission of creating green and sustainable energy systems for a better world, RENOVA operates its power generation business based on locally entrenched renewable energy resources such as solar, biomass, wind, geothermal and hydraulic power. RENOVA will continue to supply renewable energy to meet the demand from customers such as local governments and companies supporting the RE100, while at the same time striving to increase its corporate value through the
development of new businesses in the decarbonization area.