Kyuden Mirai Energy, a subsidiary of Kyushu Electric Power Company has purchased three photovoltaic (PV) power plants in Fukutsu City, Fukuoka Prefecture, from MM Energy, a subsidiary of Mitsui Matsushima Holdings. Together, these plants—known as Tsuyazaki Mega Solar No. 1 through No. 3—have a combined capacity of approximately 6,600 kW and were commissioned between 2013 and 2014 under Japan’s Feed-in Tariff (FIT) scheme, which guarantees a fixed price for renewable electricity over a 20-year period.

As the FIT purchase period for these plants nears its conclusion, MM Energy transferred ownership to Kyuden Mirai Energy to ensure the continued operation and long-term optimization of these assets. This acquisition highlights a growing trend in Japan’s energy market: as FIT contracts expire, experienced operators are increasingly acquiring post-FIT assets to maintain stable and sustainable electricity generation.

This acquisition marks a significant addition to Kyuden Mirai Energy’s renewable energy portfolio and aligns with the company’s strategic goal of achieving 10 GW of installed renewable energy capacity by the end of fiscal year 2035.