Mitsubishi HC Capital Inc. has acquired El Centro Solar Project (the "Project"), a solar power generation and supply business in the U.S. on September 22, 2021 (local time). The Project owns and operates a 25MW DC operating solar power plant in the Imperial County, California, and supplies generated electricity to a local utility, Imperial Irrigation District, under a power purchase agreement. Mitsubishi HC Capital, through MIUSA Corporation, an infrastructure-related investment subsidiary in the U.S., has acquired 35.7% of the Project. California leads the U.S. in renewables, especially with an approximate 30% of all solar power electricity generated in the U.S. at present, and continued capacity additions are expected for the foreseeable future. It enacted Senate Bill 100 (SB100) in 2018 and requires the state's utilities to generate 100% clean electricity by 2045. As part of the SB100, the state Renewable Portfolio Standard (RPS) was increased to require 60% of electricity must come from renewable sources by 2030. Through this investment, Mitsubishi HC Capital intends to gain good understanding of market leading practices and will continue to work with its business partners to identify many more investment opportunities in the fast growing solar power market in California and other regions of the U.S. Leveraging experience in the U.S., where renewables technologies and business models are proliferating, the company will explore opportunities to enter into high valued added business in the industry, globally including Japan.