Regarding investment in Skye Renewables Energy - Developing rooftop solar power generation business in Southeast Asia -

Through our subsidiary Idemitsu Asia Pacific (Headquarters: Singapore), we have taken an equity stake in Skye Energy, and are investing in rooftop solar power generation mainly in Singapore, Malaysia, the Philippines, and Vietnam, where demand for rooftop solar power generation is expected to grow steadily. We will promote the installed solar power generation business.
Roof-mounted solar power generation is expected to rapidly become popular in industrial, commercial, and public facilities in the future with the aim of reducing environmental impact and energy costs.
In this business, we install state-of-the-art solar power generation systems at customer facilities and support decarbonization and ESG management by providing excellent energy solution services and high-quality renewable energy.

As countries around the world aim to decarbonize and demand for electricity is expected to expand, renewable energy, including solar power generation, is expected to play a central role in meeting electricity demand. We will contribute to the energy transition toward carbon neutrality by actively participating in the renewable energy power generation business in North America and Asia, where demand is expected to continue to grow.

Our company has over 40 years of business experience including R&D in the solar business and mega solar development in Southeast Asia, and we will continue to develop renewable energy domestically and internationally through the business network we have cultivated through our energy business.
Skye Energy has professional members with extensive renewable energy business development experience and business networks in four Southeast Asian countries, and will work on solar power generation business development, construction management, and operation and maintenance management. .

[Reference] Skye Renewables Holdings homepage URL
https://www.skyerenewables.com/