Make The World

More Sustainable

[Provisional Translation Only]

This English translation of the original Japanese document is provided solely for information purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

June 3, 2022

Issuer

Ichigo Green Infrastructure Investment Corporation ("Ichigo Green," 9282) 1-1-1Uchisaiwaicho, Chiyoda-ku,Tokyo

Representative: Nanako Ito, Executive Director

www.ichigo-green.co.jp/en

Asset Management Company

Ichigo Investment Advisors Co., Ltd.

Representative: Hiroshi Iwai, President

Inquiries: Takao Nitta, Head of Ichigo Green

Tel: +81-3-3502-4854

Solar Power Generation & CO2 Reduction Data - May 2022

FY22/6

No. of

Panel

Forecast

Actual

Difference

CO2

Solar

Power

Power

Output

(kWh)

Reduction

Power

Generation

Generation

Plants

(MW)

(kWh) (A)1

(kWh) (B)

(B) - (A)

(kg-CO2)2

July

15

29.43

3,366,058

3,489,015

+122,957

2,302,750

August

15

29.43

3,425,503

3,150,555

-274,948

2,079,366

September

15

29.43

2,987,214

2,997,804

+10,590

1,978,550

October

15

29.43

2,821,763

2,917,588

+95,825

1,925,608

November

15

29.43

2,140,887

2,195,201

+54,314

1,448,832

December

15

29.43

1,962,914

2,024,918

+62,004

1,336,446

January

15

29.43

2,078,790

1,925,886

-152,904

1,271,085

February

15

29.43

2,341,018

2,324,684

-16,334

1,534,291

March

15

29.43

3,080,374

3,095,147

+14,773

1,531,423

April

15

29.43

3,276,652

3,542,064

+265,412

1,750,402

May

15

29.43

3,406,683

3,340,305

-66,378

1,585,837

June

-

-

3,059,187

-

-

-

Full Year

-

-

33,947,048

-

-

-

May solar power generation was 3,340,305kWh, 2% below the P50 forecast.1

  1. Forecast Power Generation is a 50% probability mean annual production forecast (P50 forecast), calculated by an independent, third-party technical consulting firm, that serves as the base forecast for each solar power plant's operating plan.
  2. CO2 reduction was calculated as 0.66kg CO2 per kWh between July 2021 and February 2022. Starting March 2022, CO2 reduction is calculated as 0.433kg CO2 per kWh, except for the Ichigo Nago Futami ECO Power Plant for which it is calculated as 0.692kg CO2 per kWh, using the adjusted CO2 emission factor disclosed by the Ministry of Environment on March 1 of each year as a fixed constant until February of the following year.

1

Power Generation by Solar Power Plant

May 2022

Panel

Forecast Power

Actual Power

Difference

Solar Power Plant

Output

Generation

Generation

(kWh)

(MW)

(kWh) (A)

(kWh) (B)

(B) - (A)

Ichigo Kiryu Okuzawa

1.33

153,532

179,899

+26,366

Ichigo Motomombetsu

1.40

153,280

190,769

+37,488

Ichigo Muroran Hatchodaira

1.24

158,857

187,072

+28,215

Ichigo Engaru Kiyokawa

1.12

133,449

150,242

+16,792

Ichigo Iyo Nakayamacho Izubuchi

1.23

148,765

154,215

+5,450

Ichigo Nakashibetsu Midorigaoka

1.93

220,361

256,650

+36,288

Ichigo Abira Toasa

1.16

138,160

160,649

+22,489

Ichigo Toyokoro

1.02

122,835

130,346

+7,511

Ichigo Nago Futami

8.44

879,729

538,552

-341,177

Ichigo Engaru Higashimachi

1.24

145,846

154,078

+8,231

Ichigo Takamatsu Kokubunjicho Nii

2.43

319,177

333,612

+14,434

Ichigo Miyakonojo Yasuhisacho

1.44

177,913

151,254

-26,658

Ichigo Toyokawa Mitocho Sawakihama

1.80

201,930

223,010

+21,079

Ichigo Yamaguchi Aionishi

1.24

160,336

179,664

+19,328

Ichigo Yamaguchi Sayama

2.35

292,506

350,286

+57,780

Total

29.43

3,406,683

3,340,305

-66,378

2

Suspension of Renewable Energy Purchases

The table below shows the renewable energy power plants owned by Ichigo Green that were subject to suspensions of renewable energy purchases and the dates suspended during May 2022.

Power Plant

Region

Dates Suspended

Ichigo Iyo Nakayamacho Izubuchi

Shikoku

May 4

Ichigo Takamatsu Kokubunjicho Nii

Shikoku

May 3

Ichigo Miyakonojo Yasuhisacho*

Kyushu

May 14

Ichigo Yamaguchi Aionishi*

Chugoku

May 3

Note: Power purchases from power plants equipped with online grid control systems such as Ichigo Miyakonojo Yasuhisacho and Ichigo Yamaguchi Aionishi are suspended on an hourly basis at the request of regional general electric utilities (electricity companies).

The table below shows the monthly suspension of renewable energy purchases at Ichigo Green power plants.

2022

2023

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Ichigo Kiryu Okuzawa

-

-

Ichigo Motomombetsu

-

-

Ichigo Muroran Hatchodaira

-

-

Ichigo Engaru Kiyokawa

-

-

Ichigo Iyo Nakayamacho Izubuchi

1

1

Ichigo Nakashibetsu Midorigaoka

-

-

Ichigo Abira Toasa

-

-

Ichigo Toyokoro

-

-

Ichigo Nago Futami

-

-

Ichigo Engaru Higashimachi

-

-

Ichigo Takamatsu Kokubunjicho Nii

1

1

Ichigo Miyakonojo Yasuhisacho

4

1

Ichigo Toyokawa Mitocho Sawakihama

-

-

Ichigo Yamaguchi Aionishi

-

1

Ichigo Yamaguchi Sayama

1

-

There is no material impact of the suspension on Ichigo Green's FY22/6 earnings forecast presented in Ichigo Green's February 14, 2022 release "FY22/6 H1 Earnings." Ichigo Green discloses real-time solar power production and CO2 reduction data for each Ichigo Green solar power plant at www.ichigo-green.co.jp/en/portfolio.

3

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Ichigo Green Infrastructure Investment Corporation published this content on 03 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 June 2022 06:21:12 UTC.