Asusola, which works on renewable energy generation business, announced on the 16th that it has conducted a third-party allotment of shares to Environmental Energy Investment as the lead investor, Mitsubishi UFJ Capital, and ANRI, raising a total of 630 million yen. This brings the total external funding to 700 million yen. With this funding, they aim to accelerate the development of new renewable energy generation businesses and recruitment for business expansion.
Asusola is working on the development of renewable energy generation through corporate PPAs toward the realization of a decarbonized society. In January 2025, as their first project, they started operating multiple high-voltage solar power plants and have been supplying renewable energy to NTT DOCOMO’s bases in the Tohoku region based on a corporate PPA with Tohoku Electric Power.
The funds raised this time will be used for the development and commercialization of new high-voltage and extra-high-voltage class solar power plants and grid storage battery businesses that are being pursued as subsequent projects. They also plan to strengthen their organization by recruiting talent for the formulation of project finance for the commercialization of power plants, construction and operation management, and the promotion of further renewable energy business development.
The company places importance on coexistence with the regional environment and builds businesses that can operate stably over a long period, while also promoting solar sharing (installing solar power generation equipment on top of farmland and sharing sunlight between agricultural production and power generation).
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