(9519) Stock Price

Renova is a company that develops, owns, and operates renewable energy power plants. Specifically, the company operates power generation businesses using renewable energy sources including solar, biomass, wind, geothermal, and hydroelectric power. Additionally, Renova is advancing green transformation initiatives that include battery storage and new fuels.

Renova's business is divided into two main segments. The first is "Renewable Energy Power Generation and Related Operations," which involves long-term ownership of power plants and electricity sales. The second is "Development and Operations," which handles the development and operational management of new power plants. These operations are conducted through consolidated subsidiaries and affiliated companies.

The adoption of renewable energy is a global trend, and Renova is expanding its business in line with this movement. Within Japan, government policy is driving efforts to increase the share of renewable energy, and Renova is targeting growth in this market.

Renova sells renewable energy electricity through the Feed-in Tariff (FIT) scheme and the Feed-in Premium (FIP) scheme. The company also meets renewable energy demand through long-term corporate power purchase agreements (Corporate PPAs).

Renova has established a system to handle all aspects of power plant operations from construction through management, and raises capital through project finance. This approach supports long-term business operations and contributions to local communities.

Renova is a growing company in the renewable energy sector, aiming to be a leading company in energy transformation, particularly in Japan and Asia. The company promotes the development of sustainable energy systems by utilizing diverse renewable energy sources including solar, biomass, wind, geothermal, and hydroelectric power.

The company's growth strategy focuses on a medium to long-term commitment to the renewable energy market. Driven by Japanese government policy to increase the share of renewable energy, Renova aims for growth in this market. Additionally, the company is focusing on the battery storage market and advancing technology development to support stable power supply.

As an independent company, Renova promotes power generation development and Green Transformation (GX) business both domestically and internationally. In particular, the company focuses on developing solar and onshore wind power projects, and operates a business model that supplies electricity directly to corporations through Corporate Power Purchase Agreements (PPAs).

The company pursues high profitability by internalizing engineering and key development operations. This increases the success rate of business development and enables rapid business expansion. Additionally, stable cash flows are reinvested in new business development and growth of existing operations to achieve sustained growth.

Renova prioritizes coexistence and co-creation with local communities, aiming for long-term development. The company utilizes renewable energy power plants in various regions as local resources and builds cooperative relationships with local communities. This enables regionally-rooted business operations.