JPX Market Innovation & Research, Inc (JPXI) announced today that it will decommission one of its renewable energy generation facilities.

There are currently several renewable energy generation facilities within Japan which contribute to Japan Exchange Group’s carbon neutrality. Among these, one facility has been non-operational since January 2024 due to, among other things, deficiencies in its design.

Said facility is owned by JPXI, with planning, development, and operation outsourced to an external contractor. Operation by said contractor has not proceeded as planned since the facility came online.

With the period of non-operation stretching into the long term, JPXI repeatedly requested the contractor to take the necessary measures toward restarting the facility, but no concrete measures were taken. Given this, JPXI today determined that there is no prospect of resuming operations and has therefore decided to terminate the contract with said contractor and decommission the facility.

While some losses are expected, mostly in connection with the disposal of the facility’s assets, JPXI has determined the impact on financial results to be minor.