Remixpoint Inc. (Securities Code: 3825, Headquarters: Minato-ku, Tokyo, President & CEO: Yuhiko Takahashi, hereinafter "the Company") is pleased to announce that it has received transition certification from the Ministry of Economy, Trade and Industry from the FIT system*1 to the FIP system*2 for its "Uki Solar Power Plant" (Uki City, Kumamoto Prefecture), which it owns, as the first project in its FIP conversion business. *1 Abbreviation for "Feed-in Tariff." A system where the government promises to purchase electricity generated from renewable energy at a fixed price for a certain period. *2 Abbreviation for "Feed-in Premium." A system where renewable energy power producers receive a certain amount of subsidy (premium) added to the electricity sales price when selling electricity to the wholesale electricity market such as JEPX. ■ Background and Objectives of the Initiative Since the introduction of the FIT system, the adoption of renewable energy has progressed rapidly. On the other hand, in recent years, there have been increasing instances where electricity supply exceeds demand. Challenges such as declining wholesale electricity market prices on the Japan Electric Power Exchange (JEPX) during these times and increased output controls on renewable energy generation facilities due to oversupply have become apparent. According to public materials from the Ministry of Economy, Trade and Industry*3, the areas implementing output control are expanding nationwide with the increased adoption of renewable energy, and the amount of output control is also reported to be on an increasing trend. In particular, some regions, including mainland Kyushu, continue to implement output control at high levels, and a decrease in electricity sales revenue due to output control is a major factor influencing the profitability of power generation businesses. Against this backdrop, the Company has been promoting FIP conversion projects within the Kyushu Electric Power service area, and