eole Inc.
Notice of Basic Agreement Conclusion as of 2026-07-06
Entered into a basic agreement for a business alliance to jointly develop a 100MW-class AI data center and power infrastructure in the western Japan region. An upfront payment of 600 million yen is planned, up to 3.6 billion yen in capital contributions contemplated, aiming for operation in 2029.
Key Figures
- Upfront payment 6億円
- Maximum capital contribution 36億円
- Project 1 operation start 2029年4月
AI要約
Overview of the business alliance
Iore has signed a basic agreement with Shine Energy Development to promote the development of AI data centers and power infrastructure such as LNG-fired generation in the western Japan region. The alliance includes funding contributions, equity investments and loans, and a business scheme using a joint venture; future discussions will cover plant acquisitions and investment terms.
Funding and schedule outlook
For Project 1, a total outlay including land acquisition of 2.0 billion yen will be spent from 2026/10 to 2029/4, with operation planned in April 2029. For Project 2, an upfront payment of 600 million yen followed by 1.0 billion yen incurred from 2026/10 to 2027/3, with operation planned in April 2027. Up to 3.6 billion yen in funding contributions are contemplated, and in the event of non-closure of acquisitions, costs may be reimbursed.
Iore
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