Eco Style formed a broad renewable energy partnership with Mitsubishi HC Capital, under which it signed agreements with MHC Renewable Networks to collaborate on low-voltage and agrisolar projects, the companies announced on December 25, 2025.
According to the statement, the Mitsubishi HC Capital unit and the solar engineering company plan to acquire about 600 operational low-voltage solar power plants under feed-in-tariff (FIT) contracts with a combined capacity of approximately 30MWAC through R Eco Power LLC, a special purpose company established in September 2025. Eco Style will handle the portfolio’s operation and maintenance (O&M).
The companies said they will consider converting the acquired assets to the feed-in-premium (FIP) scheme and monetizing them through PPAs, as well as repowering them.
Separately, Eco Style and MHC Renewable Networks signed a framework agreement on non-FIT agrisolar project development. They did not provide further details about the tie-up.
Mitsubishi HC Capital established MHC Renewable Networks, then known as Linets, in 2021 as a joint venture with Chuo Denryoku (now Rezil) before acquiring its partner’s stake in 2024. The company also owns interests in 655MW of operational solar power plants and several projects under development through its subsidiary Mitsubishi HC Capital Energy.
Eco Style has developed and built about 20,500 low-voltage solar projects totaling 1.4GW, primarily for third parties. It owns a 41.6MW portfolio of 372 assets.
The partnership follows the government’s introduction of a “qualified long-term solar generator” certification in April 2025 to promote consolidation of distributed solar power plants into portfolios owned by reputable companies and avoid their abandonment. It also comes amid an increasing interest in agrisolar as land available for larger-scale traditional ground-mounted projects becomes increasingly scarce.
