ORIX Establishes ORIX Renewable Energy Management to Operate, Manage, and Maintain Renewable Energy Power Plants
Sep 05, 2018
Tokyo, Japan – September 5, 2018 - ORIX Corporation (“ORIX”) announced today that it has established and commenced activities at ORIX Renewable Energy Management Corporation (ORIX Renewable Energy Management), a company tasked with the operation, management, and maintenance of power plants that use renewable energies such as solar power.
ORIX is actively expanding its activities with regard to power plants that make use of renewable sources such as solar, geothermal, wind and biomass. Of these, the company’s large-scale solar power plants (mega-solar power plants), which are built on unused land, generate a maximum output of 837 MW, while its rooftop solar power plants, which are installed on the roofs of factories, warehouses, and other buildings, generate a maximum output of 159 MW. In total, ORIX is responsible for the development and operation of power plants amounting to approximately 1,000 MW (as of March 31, 2018).
Power plants require safe, long-term management. ORIX Renewable Energy Management will utilize the knowledge cultivated by ORIX thus far in its renewable energy power plant activities, and nurture human resources that possess an abundance of knowledge and experience in order to operate, manage, and maintain its power plants with a high degree of expertise. In order both to prevent risks and to ensure continued normal operations at these power plants, ORIX Renewable Energy Management will carry out checks with the aim of maintaining and preserving facilities; at the same time, the company will provide immediate recovery support to minimize power generation losses in the event of malfunctions, and operate the plants with a view to maximizing power generation capacity by using remote monitoring and data analysis to visualize power generation conditions at the plants.
Going forward, the ORIX Group will continue to expand its activities in renewable energy-based power generation, asset management, and other fields. In so doing, it will contribute to the widespread popularization of renewable energies.
|Name||ORIX Renewable Energy Management Corporation|
|Address||1-4-12, Kiba, Koto-ku, Tokyo
Tel: +81-3-6666-7501 Fax: +81-3-6666-7502
|Name of representative||Atsunori Sato|
|Description of business||Operation, management, and maintenance of power plants that use renewable energy sources|
|Date of establishment||June 1, 2018|
|Start of operations||September 5, 2018|
|Major shareholders and their shareholding percentages||ORIX Corporation 100%|
Corporate Planning Department
ORIX Corporation (TSE: 8591; NYSE: IX) is an opportunistic, diversified, innovation‐driven global powerhouse with a proven track record of profitability. Established in 1964, ORIX at present operates a diverse portfolio of businesses in the operations, financial services, and investment spaces. ORIX’s highly complementary business activities span industries including: energy, private equity, infrastructure, automotive, ship and aircraft, real estate and retail financial services. ORIX has also spread its business globally by establishing locations in a total of 38 countries and regions across the world. Through its business activities, ORIX has long been committed to corporate citizenship and environmental sustainability. For more details, please visit our website: https://www.orix.co.jp/grp/en/
(As of March 31, 2018)
Caution Concerning Forward-Looking Statements:
These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results that differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under “Risk Factors” in the Company’s annual report on Form 20-F filed with the United States Securities and Exchange Commission and under “(4) Risk Factors” of the “1. Summary of Consolidated Financial Results” of the “Consolidated Financial Results April 1, 2017 – March 31, 2018.”
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