J-POWER Commences Project in the U.S.

Electric Power Development Co., Ltd. (J-POWER) has decided to construct the Charger Solar project (tentative name) in South Texas, through its 100% owned subsidiary J-POWER North America Holdings Co., Ltd. (JPUSA). As a part of the main business of J-POWER in the United States of America, this utility scale solar project is the first renewable one developed solely by J-POWER.

JPUSA has been aiming for further improving capital efficiency by restructuring its portfolio through the construction, operation, and partial sale of gas thermal plants in parallel with solar project development since 2020. The Charger Solar project is one of the top 20 solar plants in the U.S. with 394-megawatt (MWac) generation, expected to meet the rapidly expanding domestic demand of electricity. Additionally, the Charger Solar project is expected to reduce annual carbon dioxide emissions by approximately 585,000 metric tons.

The initial construction of the project has started in April 2025 with the expected commercial operation date of November 2026.

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