レノバ（9519） – Notice of Revenue from Electricity Sales in March 2022

April 8, 2022 Corporate Name: RENOVA, Inc. Representative: Yosuke Kiminami, Founding CEO (Stock code: 9519 The Prime Market of the Tokyo Stock Exchange) Kazushi Yamaguchi CFO (TEL: +81-3-3516-6263) Contact: Notice of Revenue from Electricity Sales in March 2022 RENOVA, Inc. announces the electricity sales figures for renewable energy power plants in Japan. 1. Figures for Electricity Sales Fiscal Year Ending March 31, 2022 Number of Power Plants under Operation Generation Capacity*1 (MW) Planned Electricity Sales (kWh) *2 46,032,976 Actual Electricity Sales (kWh) % Change from Plan % Change YoY Above: Existing plants*3 Below: All 50,126,941 +8.9% April May*4* June July*5 August September October*6 November December January February March Solar: 11 Biomass: 1 Solar: 312.8 Biomass: 20.5 Solar: 11 Biomass: 1 Solar: 312.8 Biomass: 20.5 Solar: 11 Biomass: 2 Solar: 312.8 Biomass: 95.5 Solar: 11 Biomass: 2 Solar: 312.8 Biomass: 95.5 Solar: 11 Biomass: 2 Solar: 312.8 Biomass: 95.5 Solar: 11 Biomass: 2 Solar: 312.8 Biomass: 95.5 Solar: 12 Biomass: 2 Solar: 353.6 Biomass: 95.5 Solar: 12 Biomass: 2 Solar: 353.6 Biomass: 95.5 Solar: 12 Biomass: 2 Solar: 353.6 Biomass: 95.5 Solar: 12 Biomass: 2 Solar: 353.6 Biomass: 95.5 Solar: 12 Biomass: 2 Solar: 353.6 Biomass: 95.5 Solar: 12 Biomass: 2 Solar: 353.6 Biomass: 95.5 42,292,289 41,877,844 -1.0% 78,166,785 68,944,756 -11.8% 96,611,419 94,185,957 -2.5% 98,084,778 94,893,613 -3.3% 88,457,000 89,274,866 +0.9% 93,163,278 93,361,203 +0.2% 84,021,404 86,839,386 +3.4% 82,131,093 83,496,892 +1.7% 83,605,598 86,058,331 +2.9% 80,880,845 86,155,488 +6.5% 94,821,333 99,566,700 +5.0% +50.0% +5.3% +98.2% +6.9% +54.5% +46.6% +79.4% +145.0% +3.4% +85.2% +23.5% +129.0% +23.2% +143.9% +15.6% +145.7% +11.5% +173.1% +4.9% +173.5% -2.5% +127.9% -2.4% +117.3% +25.4% Full-Year ‒ ‒ 968,268,797 974,781,966 +0.7% +102.3% *1 The generation capacity for solar power plants is based upon the maximum output of each solar power plant’s modules, and the generation capacity for biomass power plants is based upon the gross capacity. Both list generation capacity at month end. *2 The planned electricity sales figures are calculated by RENOVA at renewable energy power plants operated in Japan. *3 Existing plants refer to those which have been in operation for at least 13 months. *4 There was an outage at the biomass power plant due to the scheduled annual maintenance in May 2021. *5 Kanda Biomass power plant operated in June 2021. *6 Karumai Sonbou solar power plant operated in October 2021. Comparison between Planned and Actual YTD Cumulative Electricity Sales (in kWh)Planned (of all)Actual (of all)1,200,000,0001,000,000,000800,000,000600,000,000400,000,000200,000,0000 Jan.2022 868,972 9,394,022 YTD Cumulative Figures from Apr. 2020 to Mar. 2021 (kWh) 18,188,448 50,116,740 11,992,242 25,737,176 27,956,976 20,947,536 23,654,540 21,941,012 52,244,000 83,540,600 17,171,800 1,652,208 4,728,540 1,118,586 2,000,568 2,827,824 1,552,842 2,238,992 2,035,968 4,876,400 7,755,900 4,399,100 13,085,700 147,674,590 50,425,100 464,222,284 Apr.MayJuneJulyAug.Sep.Oct.Nov.Dec.Feb.Mar.2021 2. Monthly Electricity Sales by Plant March 2022 Power Plant Ownership Interest Purchase Price*5 (per kWh) Generation Capacity*1 (MW) Preliminary Figures (kWh) Suigo-Itako Solar, Inc. Futtsu Solar, Inc. Kikugawa-Ishiyama Solar, Inc.*6 Kikugawa-Horinouchiya Solar, Inc.*6 Kokonoe Solar T.K.*7 Nasu-Shiobara Solar T.K. Ozu Solar T.K.*6*7 Yokkaichi Solar T.K.*6 Nasu-Karasuyama Solar T.K.*6 Karumai-West Solar T.K.*6 Karumai-East Solar T.K.*6 Karumai-Sonbou T.K. United Renewable Energy Co., Ltd. Kanda Biomass Energy K.K. 68.0% 51.0% 63.0% 61.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 55.0% 35.3%*8 53.07% 40 yen 40 yen 40 yen 40 yen 40 yen 40 yen 36 yen 36 yen 36 yen 36 yen 36 yen 36 yen 32 yen/24 yen*9 24 yen/32 yen*9 15.3 40.4 9.4 7.5 25.4 26.2 19.0 21.6 19.2 48.0 80.8 40.8 20.5 75.0 974,781,966 *5 The fixed purchase price, exclusive of consumption tax, is based upon the FIT Scheme for each power plant and may differ from the 99,566,700 Total actual electricity sale price. *6 Kikugawa-Ishiyama Solar, Inc., Kikugawa-Horinouchiya Solar, Inc., Ozu Solar T.K., Yokkaichi Solar T.K.,Nasu-Karasuyama Solar T.K., Karumai-West Solar T.K. and Karumai-East Solar T.K. consider the impact of output curtailment caused by Utilities’ grid construction in the vicinity of the RENOVA’s Power Plant in full-year performance forecasts. *7 Expected output curtailment at the Kokonoe Solar T.K. and Ozu Solar T.K. are incorporated into its full year performance forecasts. *8 RENOVA has invested in URE through Sensyu Holdings Co., Ltd., a subsidiary of RENOVA. Assuming that RENOVA directly owns URE’s shares, RENOVA’s substantial interests, calculated by multiplying URE’s shares owned by Sensyu Holdings by RENOVA’s equity in Sensyu Holdings, are 35.3%. *9 The purchase price for wood biomass derived from thinned wood is 32 yen whereas that for general wood biomass is 24 yen. 3. Status of output curtailment In March 2022, Kyushu Electric Power, Incorporated. issued an output control instruction and a part of power plants operated by RENOVA stopped generating electricity. As the effect on the consolidated financial forecast for the fiscal year ended March 31, 2022 was minor, the total amount of power generation loss was 0.105% (Total power generation due to output restriction in March 2022) of the annual revenue plan for all power plants. In the process of setting planned full-year figures for electricity sales, RENOVA takes into account certain output control risks and weather impact risks in the power generation business. (Output curtailment by Power plant) Power plant Days of output curtailment (Figures in parentheses are annual totals.) The percentage of total lost power generation compared to the planned full-year figures for electricity sales of all solar power plants operated by RENOVA. (Figures in parentheses are annual totals.) Kokonoe Solar power plant Ozu-machi Solar power plant Kanda Biomass Power Plant 5 day (23 days) 4 day (23 days) 14 days (67 days) 0.020% (0.089%) 0.014% (0.082%) 0.071% (0.272%) [For inquiries, please contact] Kenichiro Nose, Investor Relations Tel: +81-3-3516-6263 Email: ir@renovainc.com