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Pacifico Energy starts construction of 102 MW solar power plant in Hyogo Prefecture in Japan

Power News - Published on Tue, 16 Apr 2019

Image Source: Business Wire
Pacifico Energy KK announced the commencement of construction of a 102.144 MW (DC) solar power generation plant in Ako, Hyogo Prefecture. The Ako plant will be constructed on the site of a golf course in Ako-gun, Hyogo Prefecture, Japan. Operations are expected to start in Spring of 2021. Once commissioned, the plant will generate approximately 125 million kilowatt hours of electricity annually, contributing to an annual reduction of approximately 5 tons of CO2 emissions. Kansai Electric Power Co Inc will purchase all electricity generated by the plant for 20 years at 24 yen per kilowatt hour, pursuant to the Act on Special Measures Concerning Procurement of Electricity from Renewable Energy Sources by Electric Utilities.

MUFG Bank Ltd arranged the lending syndicate, Mitsubishi UFJ Morgan Stanley Securities Co Ltd acted as financial advisor to Pacifico Energy Ako GK and Baker McKenzie acted as legal counsel to Pacifico Energy Ako GK on this transaction.

Pacifico Energy has now commenced construction on eleven (11) solar power plants throughout Japan (including the Ako plant) totaling 930 MW(DC), four (4) of which (totaling 227 MW(DC)) have been completed and are now in commercial operation.

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Posted By : Sanju Moirangthem on Tue, 16 Apr 2019
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