RENOVA, Inc. (TSE:9519) acquired an additional 9% stake in Karumai Sonbou Solar Power Plant from NEC Capital Solutions Limited (TSE:8793) for ¥125 million on October 8, 2021. For the year ending March 31, 2021, Karumai Sonbou Solar Power Plant reported EBIT and net income of ¥0 million. As of March 31, 2021, Karumai Sonbou Solar Power Plant had net assets of ¥1172 million and total assets of ¥11012 million.

RENOVA, Inc. (TSE:9519) completed the acquisition of an additional 9% stake in Karumai Sonbou Solar Power Plant from NEC Capital Solutions Limited (TSE:8793) on October 8, 2021.