Shizen Energy Group’s Strategic Reorganization and Reveal of Two Group Company Names

Shizen Energy Group has reorganized its group structure in order to enhance the group’s value chain across development, EPC, and operation & management of renewable energy power plants. This strategic reorganization maximizes the group’s synergies and will lead to an expansion of its renewable energy pipeline. In addition, two group companies have new company names in connection with this reorganization.

On March 13, 2024, Shizen Energy Inc. (Shizen Energy) concluded a share transfer agreement with JUWI GmbH (JUWI) of Germany, under which JUWI transferred all shares of juwi Shizen Energy Inc. and JUWI Shizen Energy Operation Inc. to Shizen Energy*1. The decision to acquire JUWI’s shares stems from the company’s commitment to building a more agile, flexible and robust organization capable of driving business operations at a faster pace, which is critical to achieving a decarbonized society.

The specific strategic reorganization carried out in accordance with this decision is as follows;

Integration and enhancement of engineering functions

• As of July 19, 2024, juwi Shizen Energy Inc., responsible for the EPC business, has changed its trade name to Shizen Engineering Inc. (Shizen Engineering)
• Engineering functions of Shizen Energy have been integrated into Shizen Engineering

Integration and enhancement of power plant management functions

• As of August 29, 2024, JUWI Shizen Energy Operations Inc., responsible for the O&M business, has changed its trade name to Shizen Operations Inc. (Shizen Operations)
• The following two agreements were concluded on August 29, 2024 to integrate the asset management division within the Shizen Energy Group into Shizen Operations Inc. The effective date of both agreements is scheduled for November 1, 2024.
  • An absorption-type company split agreement under which Shizen Operations will succeed all rights and obligations of the Asset Management Department of Shizen Energy
  • An absorption-type merger agreement under which Shizen Operations will succeed all the rights and obligations of Shizen Energy Asset Management Inc.

Through this strategic reorganization, Shizen Energy Group will promote efficiency and streamline operations in the construction and operation of solar power plants. By providing value such as reducing construction time and cost, the company will further support customers’ transition to renewable energy and strive to realize its Purpose.

■ Comments from Ken Isono, Managing Director of Shizen Energy
With this strategic reorganization, Shizen Energy Group is now able to provide a full range of services for renewable energy power plants, from development to EPC, O&M and AM, in an agile and integrated manner. At Shizen Engineering and Shizen Operations, we will strive to provide even better services by focusing even more closely on our customers’ needs. We will continue to work together to innovate and support our customers’ transition to renewable energy by providing comprehensive solutions, with the goal of creating a decarbonized society for future generations.

■ Comments from Jan Warzecha, Representative Director of Shizen Engineering
I am very happy that so quickly after Shizen has acquired all shares in both joint ventures, we were able to redefine the group structure. We were guided by the ambition to grow the business significantly, find synergies for development and EPC and provide best service during the operation of the power plants. I am confident that we are well prepared for the next years.

■ Comments from Hiroki Imamura, Director of Shizen Operations
As a renewable energy power plant operator, we aim to maximize the value of our customers’ assets by providing high-quality, one-stop services that go beyond AM and O&M.

Shizen Energy Group will continue to work toward a more sustainable future and will make every effort to achieve its Purpose of “We take action for the blue planet”.

Overview and new company name of the companies

・Shizen Engineering Inc. (formerly juwi Shizen Energy Inc.)

・Shizen Operations Inc. (formerly JUWI Shizen Energy Operation Inc.)

*1 Shizen Energy Secures Full Ownership of JUWI Joint Ventures (Press Release issued on March 13, 2024)
https://www.shizenenergy.net/en/2024/03/13/secures_full_ownership_of_juwi_jvs/

About Shizen Energy Inc.
Founded in June, 2011. With the company purpose of “We take action for the blue planet”, the company’s business includes development, financing, and asset management of renewable energy power plants using solar power, wind power, small-scale hydroelectric power, and biomass. Since 2016, the company has also been focusing on its overseas operations, expanding its development and power generation projects in areas such as Southeast Asia and Brazil. In 2019, the company also entered the energy tech business, offering micro-grid and VPP construction, smart charging and discharging services for EVs, and other services through its self-developed EMS (energy management system). Shizen Energy Group has been involved in more than 1 GW of renewable energy generation in Japan and overseas.

・Headquarters: Fukuoka Ohori Bldg. 1-1-6 Arato, Chuo Ward, Fukuoka City, Fukuoka
・Representative Directors: Ken Isono, Kenji Kawado, Masaya Hasegawa
・URL: http://www.shizenenergy.net/en/