Pacifico Energy Commences Construction on 121 MW Utility Scale Solar Power Plant in Sanda, Hyogo Prefecture, Japan

Pacifico Energy K.K. (Head Office: Minato, Tokyo; Representative Director: Hiroki Matsuo) is pleased to announce the commencement of construction of a 121 MW(DC) solar power generation plant (the “Plant”) in Sanda, Hyogo Prefecture from August 2021.

The EPC contractor of the Plant is Juwi Shizen Energy Inc., who has extensive international experience in this field, and the Plant will be mainly constructed on the site of a golf course.Commercial operations are expected to begin in 2023. Once commissioned, the Plant will generate approximately 143 million kilowatt hours of electricity annually, contributing to a reduction of approximately 115 thousand tons of CO2 emissions for an electricity supply period of around eighteen (18) years.

This project was mainly financed by MUFG Bank, Ltd. and Mitsubishi HC Capital Inc. with Baker McKenzie acting as legal counsel to Pacifico Energy.

Pacifico Energy has now commenced construction on fifteenth (15) solar power plants throughout Japan (including the Plant) totaling 1,293 MW(DC), eleven (11) of which (totaling 930 MW(DC)) have been completed and are now in commercial operation.

Leveraging the know-how and expertise accumulated and refined through extensive experience with development, construction and asset management of utility-scale solar power plants, Pacifico Energy will continue to develop, construct, and operate renewable energy power plants to promote a low-carbon society. Pacifico Energy is committed to its support of renewable energy as a stable, long-term, clean-power solution in Japan, and will continue to cooperate with local and regional communities to realize a more sustainable world.