• Green Infrastructure

2024-10-03

Toyota Tsusho Corporation ("Toyota Tsusho") announced today that its wholly owned subsidiaries, Eurus Energy Holdings Corporation ("Eurus Energy") and Terras Energy Corporation ("Terras Energy") will integrate their management on April 1, 2025, with Eurus Energy as the surviving company.

Through the integration of the two companies, Eurus Energy will operate in 16 countries and regions and become Japan's No. 1 power generation company with a total wind and solar power capacity of 4,332 MW (as of the end of September, 2024). By combining the respective strengths of Eurus Energy and Terras Energy, Eurus Energy aims to lead the way in achieving carbon neutrality and becoming a renewable energy company that continues to be selected globally.

1. Purpose of the Integration

1) Expansion and reinforcement of renewable energy value chain
In addition to the highly competitive "creation" function of renewable energy that both companies possess, the two companies will work to expand and reinforce the renewable energy value chain by strengthening "collection, coordination, and delivery" through the supply of energy management services that utilize storage batteries and virtual power plant (VPP) platforms, etc.

2) Optimized management resource efficiency
By sharing and mutually utilizing business development and the technological expertise, know-how, and specialized human resources common to both companies, as well as consolidating corporate functions, the two companies will optimize management resources and strive to further corporate growth.

2. Overview of Companies

1) Overview of two companies to be integrated

Company name
Eurus Energy Holdings Corporation Terras Energy Corporation
Established
November 1, 2001 October 6, 2011
Business description
Wind and solar power generation, etc. Solar power generation and energy management, etc.
Power generation capacity
3,689MW 643MW
Location
Hulic Kamiyacho Building,
3-13, Toranomon 4-chome, Minato-ku, Tokyo 		Otemachi 1st Square West Tower,
1-5-1 Otemachi, Chiyoda-ku, Tokyo
Representative
Tetsuya Suwabe
President and CEO 		Hideyuki Inazumi
Representative Director & CEO
Capital
18,199.2 Million Yen 4,770 Million Yen
Shareholder
Toyota Tsusho Corporation: 100％ Toyota Tsusho Corporation: 100%
Number of employees
617 (As of April 1, 2024) 184 (As of April 1, 2024)


2) Overview of the company after integration (plan)

Company name
Eurus Energy Holdings Corporation
Establishment
April 1, 2025
Business description
Wind and solar power generation, storage, and sales, etc.
Power generation capacity
4,332MW
Location
Hulic Kamiyacho Building,
3-13, Toranomon 4-chome, Minato-ku, Tokyo


Renewable Energy & Energy Management is one of the seven priority domains in Toyota Tsusho's growth strategy. Through this integration, Toyota Tsusho will accelerate further business expansion in this area and contribute to the creation of a better global environment by promoting initiatives for carbon neutrality.

Our Efforts So Far

- August 1, 2022 release: Toyota Tsusho Completes Stock Acquisition and 100% Ownership Acquisition of Eurus Energy Holdings
(https://www.toyota-tsusho.com/english/press/detail/220801_006060.html)

- April 30, 2024 release: Toyota Tsusho Acquires 100% Ownership of Terras Energy
(https://www.toyota-tsusho.com/english/press/detail/240430_006401.html)

The information in this release is current as of the date of announcement.
Please note that information may change after the date of announcement. Thank you in advance for your understanding.

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Disclaimer

Toyota Tsusho Corporation published this content on October 03, 2024 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on October 03, 2024 at 05:06:00 UTC.