Pacifico Energy Raises 15.5 Billion Yen for Its First Solar Fund

January 31, 2018

TOKYO–(BUSINESS WIRE)–Pacifico Energy K.K. (“Pacifico”) announced today that Pacifico has
successfully completed the launch of its first solar investment fund
(the “Fund”). The Fund will be comprised of 5 Japanese solar power
plants totaling over 100 MWdc. The Fund has successfully completed the
acquisitions of the 3 solar plants in Chiba and Miyagi prefecture and is
in process of acquiring 2 other solar plants (one plant in eastern Japan
and the other in western Japan).

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. was financial advisor
to the Fund, which successfully raised 15.5 billion yen from Japanese
institutional investors. Baker McKenzie acted as legal counsel to the
Fund.

Pacifico is also providing asset management services to these solar
plants by deploying its knowledge and experience gained from
successfully developing solar projects totaling over 640 MWdc.

Pacifico plans to launch additional renewable energy funds in the future
incorporating a pipeline of its own developed solar projects and
carefully chosen external solar assets. The projects are in place to
grow the funds to over 1GWdc of projects with a 150 billion yen
cumulative investment over the next two years. Pacifico also plans to
extend its asset management services to those solar power plants.

“We are pleased to announce the launch of our first solar fund
partnering with Japanese institutional investors. Pacifico has been
investing in Japanese mega solar projects since its foundation. We are
looking forward to partnering with more Japanese institutional investors
to form second and third investment funds in the future providing access
to stable investment returns through an eco-friendly clean energy
platform,” Nate Franklin, President of Pacifico stated.

Summary of solar plants

(1) Pacifico Energy Furukawa Mega Solar Plant

Location	Osaki City, Miyagi Prefecture
Panel Output	56.87 MWdc
Commercial Operation Date	December 15th, 2016

(2) Kasuga Capital Futtsu East Solar Plant / Kasuga Capital Futtsu West Solar Plant
Location	Futtsu City, Chiba Prefecture
Panel Output	3.32 MWdc
Commercial Operation Date	East) June 4th, 2014 West) June 5th, 2014

(3) Kasuga Capital Ikazuchi East Solar Plant / Kasuga Capital Ikazuchi West Solar Plant
Location	Chiba City, Chiba Prefecture
Panel Output	4.01 MWdc
Commercial Operation Date	East) July 21st, 2015 West) March 20th, 2015

About Pacifico

Pacifico was founded in 2012 when the new Japanese Renewable Energy Act
was introduced. Since its founding, Pacifico has developed 8 mega solar
power projects totaling over 640 MWdc. Pacifico has a pipeline of
additional development projects totaling over 800 MWdc, of which 3
projects totaling over 280 MWdc are expected to begin construction in
2018. Pacifico Energy is committed to developing solar power projects
that contribute to the improvement of energy self-sufficiency for the
future of Japan, in an environmentally friendly way, and assist with the
development of local communities.

http://www.pacificoenergy.jp/en/

Contacts

Media contact:
Pacifico Energy K.K.
Ken Akino, +81-3-4540-7830
[email protected]