Heolios EnTG

Tokyo Gas America Ltd., a wholly owned subsidiary of Tokyo Gas Co., Ltd. (“Tokyo Gas”) has acquired through its affiliate 50% equity interests in Heolios EnTG S.A.P.I. de C.V. (“Heolios EnTG”), a joint venture company established between ENGIE and Tokyo Gas to collaboratively construct, own, and operate renewable assets in Mexico. Tokyo Gas has also dispatched secondees to Heolios in order to take part in the development and the oversight of the projects. For Tokyo Gas, this is the first business of forming a renewables platform with a global partner and to invest in renewable projects in markets outside of Japan.

Heolios EnTG will initially operate and maintain six renewable energy projects in Mexico. Two of the plants are onshore wind while the remaining four are solar photovoltaic. At this time, Tokyo Gas has made investments into two out of the six initial projects, Tres Mesas 3 and Trompezon. The remaining projects are planned to follow.