Environment Friendly Holdings Corp. [3777.T]
TOKYO, May 11 (Pulse News Wire) – Environment Friendly Holdings Corp. (3777.T) announced today that its subsidiary EF Investment will acquire three special purpose companies (SPCs) owned by Ecosolar Power Co., Ltd., marking its initial direct investment in South Korea's solar power sector.
The acquisition involves a total consideration of approximately ¥63 billion won and is expected to complete. The SPCs will develop and operate solar power facilities with a combined capacity of around 2.6 MW located in Gangwon Province and North Chungcheong Province. Construction is scheduled to be completed by July 2026. The move leverages Environment Friendly Holdings' expertise in building and operating solar plants in Japan, aiming to stabilize operations post-completion. Details of the acquired entities include EFI Solar 1 Co., Ltd.
With a planned capacity of 992.16 kW; EFI Solar 2 Co., Ltd. with 634.35 kW; and EFI Solar 3 Co., Ltd. with 999.36 kW. Each entity’s capital amount ranges from ¥100 million to ¥150 million won, established between October 15, 2025, and December 29, 2025. This strategic initiative positions Environment Friendly Holdings as a key player in expanding renewable energy projects across Asia, utilizing synergies between Ecosolar Power’s local knowledge and the group’s operational experience in Japan.
Financial impacts on the fiscal year ending December 31, 2026, are currently being assessed.
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