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Pacifico Energy starts construction on 111MW Utility-Scale Power Plant

Pacifico Energy starts construction on 111MW Utility-Scale Power Plant
Pacifico Energy starts construction on 111MW Utility-Scale Power Plant
Tokyo-based Pacifico Energy has started the construction of a 111.055 MW (DC) solar power generation plant in Wakayama Prefecture from Feb 2020 that is slated to become one of the largest plants which is in operation in the prefecture. Reportedly, the plant will be constructed on a golf-course site and the commercial operations are set to kick off in the Spring of 2022. The plant is expected to produce around 150 million Kilowatt hours of electricity per year, provided it is commissioned. Amid the climate change concern, this construction is set to curb close to a million tons of CO2 (900,000 tons) emissions for an electricity supply period of approximately 18 years. According to reports, the project was funded by a lending syndicate managed by MUFG Bank, Ltd., backed up by law firm Baker McKenzie working as a legal counsel to Pacifico Energy. The company is reported to have begun the construction on a dozen solar plants in Japan, taking the total to 1,042 MW (DC), half a dozen of those are believed to have been completed and are in commercial stage. Buoyed by the state-of-the-art expertise and know-how and in-depth experience with construction, development and asset management of utility-scale solar power plants, Japan-based Pacifico Energy is expected to boost development, construction and operation of solar power plants to underscore a low-carbon society. The company states that they will leave no stone unturned to promote renewable energy as a long-term, stable and clean-power solution in the Japanese shores. Pacifico Energy claims that they will continue to collaborate with regional and local communities to promote a sustainable world. About Pacifico Energy Pacifico is a renewable energy investment company who are expanding their penetration across Europe. They are acquiring turnkey wind and solar plants and are boosting new green-field repowering existing projects. Source credit: https://www.pacifico-energy.com/?lang=en

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A qualified computer graduate, Bhushan Tambe always nurtured a passion for words. Post his education, he decided to transform his penchant of penning down poetry and stories into a full-time career. Presently, Bhushan writes numerous articles for cuereport.com and a few other websites, on subjects spanning business, finance, and the like.