Hulic and Clean Energy Connect will jointly invest in an approximately 70MW portfolio of small-scale solar power plants and supply their output to Hulic Group companies under off-site PPAs sleeved by Hulic Energy Solutions, the real estate company announced on April 15, 2026.
According to the statement, annual supply under the scheme is estimated to reach 73GWh once fully operational, covering approximately 20% of the group’s power consumption. The companies said they plan to commission the portfolio of about 800 non-FIT assets gradually between July 2026 and March 2029. In addition to providing a portion of the required capital, Clean Energy Connect will lead the development and support the operation of the projects.
The deal adds to Hulic’s previously announced PPAs, which include a 60MW intra-group solar scheme and an agreement to offtake the output of a 6.6MW TEPCO Renewable Power hydro plant.
Clean Energy Connect built about 2,700 small-scale solar power plants as of the end of March 2026. The partnership with Hulic follows similar arrangements with Nomura Real Estate and Tokyu Corporation. Separately, the low-voltage project developer has also signed PPAs with Google, Amazon, and NTT Anode Energy among others.
