Press release
March 8, 2024
Shizen Energy Inc.
Hokkaido Shizen Energy Inc.

Shizen Energy establishes Hokkaido Shizen Energy Inc.
Envisioning Hokkaido's future through decarbonization with the community
Shizen Energy Inc.(Shizen Energy) has established a wholly owned subsidiary, Hokkaido
Shizen Energy Inc. (Hokkaido Shizen Energy) on March 1, 2024. As a community-based
company rooted in Hokkaido, Hokkaido Shizen Energy will develop renewable energy
development projects in harmony with the local community and provide comprehensive
decarbonization solutions to its customers and partners, including local governments, theagricultural and livestock industry, academia, and industrial sectors in Hokkaido.

(From left: Naoto Takiguchi, Yoshiharu Ishii, Makoto Doyashiki)

According to the Ministry of the Environment's Renewable Energy Potential System (REPOS),
Hokkaido has a potential solar power installation capacity (land-based) of 337,471 MW *1,
which is outstandingly high compared to other regions of Japan, and further development ofrenewable energy power plants is highly anticipated.
Shizen Energy has designed and promoted renewable energy development projects in
Hokkaido to meet the various needs of its customers and partners, including local
governments, the agriculture and livestock industry, academia, and other industrial sectors.
The company supplies renewable energy to companies in Hokkaido under a corporate PPA

and is conducting a joint demonstration project using a vertical solar power generation
system installed on the grounds of Rakuno Gakuen University.
The new company will seamlessly utilize Shizen Energy Group's expertise to provide
comprehensive decarbonization solutions such as decarbonization support services anddecarbonization mobility services, maximizing Hokkaido's renewable energy potential.
In particular, Shizen Energy will make maximum efforts to promote the stabilization anddecarbonization of the livestock industry and agricultural businesses through thecoexistence of renewable energy and agriculture, including a joint project with Rakuno
Gakuen University which began in December 2023 to explore the possibility of symbiosis
between renewable energy and agriculture by utilizing vertical solar panels.
Hokkaido Shizen Energy's vision is to create Hokkaido's future with the community throughrenewable energy while protecting Hokkaido's remarkable nature. Hokkaido Shizen Energy
will work with the community to promote a sustainable decarbonized society and envision
Hokkaido's future through decarbonization.

*1 Ministry of the Environment Renewable Energy Potential System (Japanese website)
https://www.renewable-energy-potential.env.go.jp/RenewableEnergy/outline.html?energy=sunlight

Company Overview
Name

Hokkaido Shizen Energy Inc.

EstablishedMarch 1, 2024

Representative

Naoto Takiguchi President, Representative Director

Capital Structure

Shizen Energy Inc. 100%

Capital10,000,000 JPY

Location

JR GOGO SAPPORO 6F, 5-1-5 Nishi 5-chome, Kita 5-jo, Chuo-ku,
SapporoObjective
In Hokkaido, where diverse energy sources such as solar power, wind power, biomass, andgeothermal energy are abundant and further potential for introducing renewable energy isexpected, the company aims to promote local decarbonization and contribute to regional
development especially in the primary industry.

Business
Planning, proposal, support and development of decarbonization solutions formunicipalities and other organizations in Hokkaido
1. Renewable energy and large storage batteries● Development of renewable energy sources in harmony with local communities●●

based on Shizen Energy Group's development expertise
Development and utilization of grid storage batteries to improve the balancing
capacity of the electric power infrastructure
Development of new technologies that contribute to regional decarbonizationin collaboration with academic institutions

2. Corporate PPA and microgrid● Renewable energy supply through corporate PPAs and microgrid developmentusing renewable energy sources and grid storage batteries
3. Decarbonization support services● Planning of decarbonization promotion measures, installation ofdecarbonization promotion equipment, and implementation support for
decarbonization management for companies and municipalities in Hokkaido● Proposals for projects utilizing renewable energy certificates and carbon
credits, and support for the creation of credits
4. Decarbonized mobility services● Comprehensive support services for decarbonizing the transportation sector,including renewable energy installation, EV infrastructure, and post-installation
fleet management

Executive Structure
Yoshiharu Ishii Chairman
After graduating from university, Yoshiharu joined the current Development Bank of Japan. At
the Hokkaido Branch, he was in charge of financing and reviewing regional development
projects, and was also involved in research and public relations. Since 2005, he has been at
Hokkaido University Public Policy School, where his main research area is regional
development in Hokkaido, drawing on his previous experience. Recently, he has also focusedon supporting the development of various projects related to the development of sustainabletransportation systems and the promotion of decarbonization.
Naoto Takiguchi President, Representative Director
After graduating from university, Naoto joined Mitsui & Co. Ltd. where he worked in the Chemicals
Division and was stationed in Spain, Germany, and the U.S. where he developed relationships witha variety of industries on a global scale. He is particularly experienced in new businessdevelopment and, as head of the Renewable Energy Business Office from 2010 to 2014, wasinvolved in the construction of Japan's first renewable energy pension fund and the first mega
solar power plant in the area affected by the Great East Japan Earthquake at the dawn of therenewable energy industry in Japan. In December 2021, he joined Shizen Energy. As ExecutiveOfficer, he established the New Business Development Department and aims to revitalize
Japanese communities through renewable energy.
Makoto Doyashiki Vice President, Representative Director
After graduating from university, Makoto worked for the Ishikari city government, mainly on
regional development projects such as ports and harbors. Since 2014, he has been in charge ofattracting companies to the Ishikari Bay New Port Area, an industrial area in Sapporo, where hehas been able to attract logistics, commercial facilities, hotels, and other businesses. At the sametime, he has focused on industrial decarbonization as a new added value for the region. He leads
the promotion of the "RE Zone" scheme, which provides renewable energy to the region andencourages the expansion of businesses such as renewable energy data centers. He joined
Shizen Energy in April 2023. In the New Business Development Department, he oversees regional

collaboration projects and aims to revitalize communities through regional decarbonization. He iscurrently a visiting professor at Hokkaido University of Science for Civil and Environmental
Engineering in the Faculty of Engineering, and an advisor to the Ministry of the Environment on
decarbonized urban planning.
【About Shizen Energy Inc.】
Founded in June, 2011. With the company purpose of “We take action for the blue planet,” thecompany’s business includes development, financing, and asset management of renewableenergy power plants using solar power, wind power, small-scale hydroelectric power, andbiomass. Since 2016, the company has also been focusing on its international operations,
expanding its development and power generation projects in areas such as Southeast Asia andBrazil. In 2019, the company also entered the energy tech business, offering micro-grid and VPP
construction, smart charging and discharging services for EVs, and other services through its
self-developed EMS (energy management system). Shizen Energy Group has been involved inmore than 1 GW of renewable energy generation internationally.
・Headquarters: Fukuoka Ohori Bldg. 1-1-6 Arato, Chuo Ward, Fukuoka City, Fukuoka
・Representative Directors: Ken Isono, Kenji Kawado, Masaya Hasegawa
・URL: https://www.shizenenergy.net/en/<For inquiries regarding this press release>
Shizen Energy Inc., Public Relations Department
E-mail: se-comm@shizenenergy.net