Pacifico Energy starts construction on 102 MW photovoltaic plant in Japan
Post date: 11/04/2019 - 16:51
Pacifico Energy K.K., Japanese project developer and operator of solar power plants, commenced construction of a 102 MW solar power generation plant in Japan. The facility will be built on the site of a golf course in Ako-gun, Hyogo Prefecture. Operations are expected to start in Spring of 2021. Once commissioned, the plant will generate approximately 125 million kilowatt hours of electricity annually. Kansai Electric Power Co., Inc. will purchase all electricity generated by the plant for 20 years at ¥24 ($0.22) 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 G.K. and Baker McKenzie acted as legal counsel to Pacifico Energy Ako G.K. on this transaction.
Pacifico Energy has commenced construction on 11 solar power plants throughout Japan totaling 930 MW. Furthermore, 4 plants totaling 227 MW have been completed and are in commercial operation.