SMFL Mirai Partners To Acquire 50 Low-Voltage Solar Plants From GreenEnergy Plus Under Strategic Framework Agreement

SMFL Mirai Partners has signed a framework agreement to acquire approximately 50 low-voltage solar power plants totaling 5 MWDC from GreenEnergy Plus by March 2026, its parent companies Sumitomo Mitsui Finance and Leasing and GreenEnergy & Company announced on October 20, 2025. Under the agreement, GreenEnergy Plus will oversee development and provide engineering, procurement, and construction (EPC) services. SMFL Mirai Partners will establish a special purpose company (SPC) to acquire these projects and supply power through corporate power purchase agreements (PPAs).

The company said it is strategically investing in solar capacity in advance to ensure rapid response to corporate demand for renewable energy. As part of the initial execution phase, SMFL Mirai Partners has committed to four projects of approximately 110 kWDC each, located in Tochigi, Gunma, Ibaraki, and Chiba Prefectures. The companies plan to scale their collaboration significantly, targeting the acquisition of more than 500 solar assets with a combined capacity of 50 MWDC by the end of fiscal year 2030.

This partnership expands SMFL Mirai Partners’ ongoing efforts to secure renewable capacity for future PPAs, following similar agreements signed earlier this year with MIRAIT One, Sun Village, and H.E Energy. GreenEnergy Plus intends to develop over 350 low-voltage solar projects within fiscal year 2025. The company also reported additional contracts, including 5 MW secured from ENEOS Renewable Energy in June 2025, while its group company GreenEnergy NexX agreed to construct 50 MW for a fund managed by Kansai Electric Power Group in May 2025.