Pacifico Energy, a renowned Japanese energy company developing, constructing, financing, and operating renewable power plants, has reportedly announced that it has started the construction of an expansive 53.9 MW solar power plant in Sano-shi, Tochigi Prefecture, Japan. This is Pacifico’s first plant that is being constructed in Tochigi Prefecture.
Juwi Shizen Energy will be the EPC contractor of the Tochigi Prefecture plant, which will be developed on a golf course site. Though the construction starts in October 2020, commercial operations are scheduled to begin during the Summer of 2022. After the beginning of actual operations, the Tochigi Prefecture based power plant will generate about 62 million kW (kilowatt) hours of electricity every year, resulting in the reduction of CO2 emissions by about 500,000 tons for a power supply period of approximately 18 years.
Sumitomo Mitsui Trust Bank Limited financed the project, while Mitsubishi UFJ Morgan Stanley Securities played the role of the financial advisor in the transaction. Additionally, Baker McKenzie acted as Pacifico Energy’s legal counsel.
Including the solar plant in Sano, Pacifico Energy has now started construction of its 13th solar power plant located in Japan, totaling 1,093 MW electricity generation. Of these, construction of 8 solar power generation plants has completed with a capacity of 644 MW already under commercial operations.
Using the know-how, and expertise collected and refined from experience with asset management, construction, and development of utility-scale solar power plants, the company will continue its work of developing, constructing, and operating renewable power plants to reduce CO2 emissions across the globe.
Additionally, the company is also committed to promote and support renewable energy as a long term, stable, as well as clean power solution across Japan and would continue its cooperation with regional and local communities to create a more sustainable world.