Successful Delivery of Power Plants under the Executed Virtual PPA 

Press release

PHOTON sustainable PV investment limited partnership, managed by PHOTON CAPITAL LLC (Head Office: Shibuya-ku, Tokyo; Managing Partner: Yuko Mizuno), hereby announces that all power plants subject to the Virtual PPA (“the PPA”) executed with JTEKT Corporation (“JTEKT”; Head Office: Kariya-shi, Aichi; President: Yoshihito Kondo) have commenced operation as of October 2, 2025, through its invested SPCs (collectively, “PHOTON”). 

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