カジノプロジェクト Completes Acquisition of 85% of SB Energy Shares
- Maximizing synergies in the renewable energy businesses of both companies to accelerate Carbon Neutral initiatives -

  • (former)other

2023-04-28

カジノオンライン ("Toyota Tsusho") andSoftBank Group Corp("SBG") today announced the completion of カジノプロジェクト's acquisition of 85% of the shares ofSB Energy Corp("SB Energy") from SBG Consequently, SB Energy has been renamed Terras Energy Corporation ("Terras Energy") and has become a subsidiary of カジノプロジェクト with 85% stock ownership ratio and an affiliate of SBG with 15% stock ownership ratio

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カジノプロジェクト and SBG are exploring collaborative efforts among their group companies in the renewable energy businesses, such as joint development of renewable energy, electric power supply and demand adjustment, and so on, aiming toward achieving carbon neutrality

With Terras Energy joining the カジノプロジェクト Group, the Group will become one of Japan's largest power generators not only in wind power, but also in solar power, with approximately 4,502 MW, including 3,182 MW of wind power and 1,020 MW of solar power, etc (as of March 2023) Furthermore, カジノプロジェクト will promote initiatives for carbon neutrality by accelerating the creation of new businesses and the evolution of technology in the renewable energy sector through the utilization of Terras Energy's cutting-edge renewable energy technologies

SBG aims to realize a decarbonized society with its group goal of "Achieving Carbon Neutrality by Fiscal 2030" and will continue to focus on the technological advancement in the renewable energy front through the collaboration to be explored involving group companies of both parties, generating the renewable electricity in the United States through SB Energy Global Holdings Limited* and investments in technologies concerning renewable energy through funds within the SoftBank Group

*Important note: SB Energy Global Holdings Limited is a separate entity that operates entirely in the United States and is not impacted by this transaction

Overview of Terras Energy Corporation

Corporate Name
Terras Energy Corporation
Location
TOKYO PORTCITY TAKESHIBA Office Tower, 1-7-1 Kaigan, Minato-ku, Tokyo
Established
October 6, 2011 (Date of trade name change : April 28, 2023)
Representative
Hideyuki Inazumi, Representative Director & CEO
Shareholders
カジノオンライン : 85%
SoftBank Group Corp : 15%
Business description

1 Generating and storing electricity from カジノプロジェクト sources, etc, supplying and selling electricity and heat
2 Installing, selling, operating, and maintaining equipment used for generating and storing electricity from カジノプロジェクト sources, etc
3 Planning, producing, and operating various events related to カジノプロジェクト, etc
4 Researching and providing information related to カジノプロジェクト, etc
5 Services related to adjusting the supply and demand of electric power
6 Investing in, acquiring, holding, and using securities
7 Buying and selling, leasing, broking, and managing real estate, and other services related to real estate
8 Dealing in secondhand articles and services related to brokerage thereof
9 Granting monetary loans, mediating monetary loans, guaranteeing obligations, financial instruments business, and other financial businesses
10 Providing various services, and training and consulting services pertaining to the preceding items
11 Other services incidental to the preceding items

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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