Enex Infrastructure Investment Corporation [9286.T]
TOKYO, Mar 26 (Pulse News Wire) – Enex Infrastructure Investment Corporation (9286.T) announced plans to acquire two additional solar land assets, "Highsun Solar Power Plant A" and "Highsun Solar Power Plant B," for a total price of ¥1.489 billion. The acquisitions are scheduled to be finalized on March 31, 2026, with payment due on the same day.
The management company, Enex Asset Management Co., Ltd., decided to purchase the properties previously held under ground leases to reduce lease costs and enhance asset value. The acquired lands will be managed through trust agreements with Sumitomo Mitsui Trust Bank, extending their respective trust periods until December 31, 2038. Both sites are located within non-zoned urban planning areas and are subject to certain restrictions and existing rights-of-way.
Detailed risk assessments have been conducted, ensuring alignment with the company's risk management policies. The operations for these facilities will continue to be handled by ENEX Power Co., Ltd., which specializes in renewable energy production and distribution. The acquisition is expected to have a minor impact on the company’s operational outlook for the fiscal periods ending May 29, 2026, and November 30, 2026.
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