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. 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An upfront payment of 600 million yen is planned, up to 3.6 billion yen in capital contributions contemplated, aiming for operation in 2029.","jir_summary":"### Overview of the business alliance\nIore 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.\n\n### Funding and schedule outlook\nFor 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.","jir_financial_highlights":"Upfront payment: 6\u5104\u5186 (\u672a\u77e5)\nMaximum expected capital contribution: 36\u5104\u5186 (\u672a\u77e5)\nProject 1 operation start: 2029\u5e744\u6708 (\u672a\u77e5)\nProject 2 operation start: 2027\u5e744\u6708 (\u672a\u77e5)","jir_category":"","jir_hashtags":"#Iore, #M&AAlliance, #AIDataCenter","jir_key_figures":"Upfront payment 6\u5104\u5186\nMaximum capital contribution 36\u5104\u5186\nProject 1 operation start 2029\u5e744\u6708","jir_meta_title":"\u3010Iore\u3011Basic Agreement for AI Data Center Development Partnership | Planned for 2029","jir_meta_description":"Iore and Shine Energy Development agree to jointly develop a 100MW-class data center and power infrastructure in western Japan. Upfront payment of 600 million yen, up to 3.6 billion yen in funding contributions, aiming for 2029 operation.","jir_og_title":"\u3010Iore\u3011Basic Agreement for AI Data Center Development Partnership | Planned for 2029","jir_og_description":"Iore partners with Shine Energy Development to jointly develop data centers and power infrastructure in western Japan. Specifies upfront payment, funding contribution amount, and start of operations.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":58265,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"m_and_a_alliance","footnotes":""},"sector":[],"importance":[],"class_list":["post-76637","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n