Tokyu Land signed a capital and business alliance with Looop on March 31, 2025, and increased its ownership share in the solar developer and Japan’s top independent low-voltage power retailer by supply volume, the companies announced on April 25, 2025.
The companies first partnered in October 2021 agreeing to work together to expand their renewables businesses amid Japan’s transition away from the feed-in-tariff (FIT) scheme. The new partnership will be focused on power retail. Tokyu Land said it aims to leverage its real estate development and planning capabilities with Looop’s power retail development capabilities. The companies plan to “build a new business model centered on renewable energy.”
Tokyu Land launched ReENE in September 2021 to provide renewable power to businesses. With the new partnership, the company plans to expand in the B2C power retail business.
Neither of the parties disclosed the ownership share Tokyu Land holds in Looop or the value of the transaction. Both the 2021 and the latest investments were made through third-party allotment of shares.
Looop was founded in April 2011 and started with solar development-related activities before expanding into power retail through Looop Denki in March 2016 ahead of April 2016 market liberalization.
Tokyu Land first entered the renewable energy industry in 2014. As of the end of March 2025, the company held interests in 145 projects in development and operation totaling nearly 2GW (unadjusted for ownership share). The company has been aggressively expanding its energy-related activities recently, most notably with the acquisition and delisting of the major developer Renewable Japan.
