SMFL Mirai Partners signed a framework agreement to acquire about 50 low-voltage solar power plants totaling 5MWDC from GreenEnergy Plus by the end of March 2026, parent companies Sumitomo Mitsui Finance and Leasing and GreenEnergy & Company announced on October 20, 2025.
According to the statement, under the deal, GreenEnergy Plus will handle development and engineering, procurement, and construction (EPC) of the power plants. SMFL Mirai Partners will establish an SPC that will acquire the projects and sell their output under corporate PPAs. The Sumitomo Mitsui unit said it is investing in solar projects ahead of securing offtakers to be able to respond to their needs quickly when they request renewable power supply.
The companies said they aim to expand their collaboration to over 500 assets totaling about 50MWDC by the end of FY2030.
Alongside executing the framework, the investor also committed to the first batch of four approximately 110kWDC projects, one each in Tochigi Prefecture, Gunma Prefecture, Ibaraki Prefecture, and Chiba Prefecture.
The tie-up with GreenEnergy Plus follows SMFL Mirai Partners’ similar partnerships with MIRAIT One, Sun Village, and H.E Energy signed earlier this year amid the company’s ongoing efforts to secure solar capacity for future PPAs.
GreenEnergy Plus plans to develop more than 350 low-voltage solar projects within FY2025. In addition to SMFL Mirai Partners, it also announced a contract for 5MW from ENEOS Renewable Energy in June 2025. Its group company GreenEnergy NexX agreed to build 50MW for a Kansai Electric Power Group-managed fund a month earlier.
