Market Overview

Pacifico Energy Commences Construction on 112 MW and 72 MW Utility Scale Solar Power Plants in Wake-gun, Okayama Prefecture and Himeji-city, Hyogo Prefecture Japan, Respectively

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Pacifico Energy (Head Office: Minato, Tokyo) is pleased to announce the
commencement of construction of a 112 MW(DC) solar power generation
plant in Wake, Okayama Prefecture (the Bizen plant) and a 72 MW(DC)
solar power generation plant in Himeji, Hyogo Prefecture (the Yumesaki
plant).

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180821005746/en/

Bizen Mega Solar Power Plant Completion Image (Photo: Business Wire)

Bizen Mega Solar Power Plant Completion Image (Photo: Business Wire)

The Bizen plant will be constructed on the site of a golf course in
Wake-gun, Okayama Prefecture, Japan. Operations are expected to start in
Spring of 2020. Once commissioned, the plant will generate approximately
132 million kilowatt hours of electricity annually, contributing to an
annual reduction of approximately 90,000 tons of CO2
emissions. Chugoku Electric Power Co., Inc. will purchase all
electricity generated by the plant, pursuant to the Act on Special
Measures Concerning Procurement of Electricity from Renewable Energy
Sources by Electric Utilities.

The Yumesaki plant will be constructed on the site of a golf course in
Himeji-city, Hyogo Prefecture, Japan. Operations are expected to start
in Fall of 2020. Once commissioned, the plant will generate
approximately 84 million kilowatt hours of electricity annually,
contributing to an annual reduction of approximately 42,000 tons of CO2
emissions. Kansai Electric Power Co., Inc. will purchase all electricity
generated by the plant, pursuant to the Act on Special Measures
Concerning Procurement of Electricity from Renewable Energy Sources by
Electric Utilities.

Pacifico Energy has already completed construction of two solar power
plants in Okayama (in Kumenan and Mimasaka), one solar power plant in
Osaki, Miyagi, and one solar power plant in Miyazaki totaling 227.4
MW(DC) which are all now in commercial operation. Pacifico Energy is
currently constructing several solar power plants, including a 257
MW(DC) solar power generation plant in Okayama (construction commenced
in April 2017), a 42 MW(DC) solar power generation plant in Fukushima
(construction commenced in September 2017), a 62 MW(DC) solar power
generation plant in Aichi (construction commenced in October 2017) and a
55 MW(DC) solar power generation plant in Gifu (construction commenced
in February 2018). The Bizen and Yumesaki plants mark the second and
third projects for Pacifico Energy to commence construction this year.
Leveraging accumulated know-how and experience gained through
developing, constructing, and operating utility scale solar power plants
all over the world, the company will continue its excellent track record
and build these power plants in an environmentally friendly way in
cooperation with Okayama and Hyogo regional communities.

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