News

2024.07.05

Pacifico Energy Secures Development Loan Financing for Hakusan Mitsugano Solar Power Project with Mitsubishi HC Capital and BOT Lease

Tokyo, Japan – Pacifico Energy K.K. (headquartered in Minato-ku, Tokyo; Hiroki Matsuo, President and CEO) is pleased to announce the successful execution of a development loan financing agreement with Mitsubishi HC Capital Inc. (hereinafter “Mitsubishi HC Capital”) and BOT Lease Co., Ltd. (“BOT Lease”). This agreement will facilitate the development of the Hakusan Mitsugano Solar Power Project in Tsu, Mie Prefecture.

Key Highlights:

1. Strategic Loan Agreement: Pacifico Energy has entered into a significant financing partnership with Mitsubishi HC Capital and BOT Lease to advance the Hakusan Mitsugano Solar Power Project.
2. Project Overview: The Hakusan Mitsugano Solar Power Project, a large-scale solar power plant, will utilize the Feed-in Premium (FIP) system. This project is a testament to our commitment to sustainable energy solutions and aligns with global decarbonization objectives.
3. Corporate PPA Initiative: This project represents our second initiative under the corporate Power Purchase Agreement (PPA) framework, reflecting the increasing demand for renewable energy among corporations striving to achieve carbon neutrality by 2030.
4. Enhanced Development and Financing: The development of 100MW-class solar power plants is subject to the Environmental Impact Assessment Law, which extends the development period. By leveraging the Devex loan, we aim to enhance capital efficiency and expedite the development process, thereby contributing to the reduction of greenhouse gas emissions and the revitalization of the local economy.

Executive Insights:

Hisashi Nagamori, Chief Investment Officer (CIO) and Managing Director, Head of Investment Division, stated: “We extend our sincere gratitude to Mitsubishi HC Capital and BOT Lease for their continued support through the Devex loan. This financing will enable us to accelerate the development of large-scale solar power projects and diversify our funding sources. We remain committed to pioneering renewable energy solutions and achieving carbon neutrality through innovative financing strategies.”

Contact Information:

Public Relations Department
Phone: 03-4540-7830
Email: info@pacificoenergy.jp

Website: https://www.pacificoenergy.jp/contact-us/