Issuer Ichigo Green Infrastructure Investment Corporation (9282) 1-1-1 Uchisaiwaicho, Chiyoda-ku, Tokyo Representative: Mami Nagasaki, Executive Director www.ichigo-green.co.jp Asset Management Company Ichigo Investment Advisors Co., Ltd. Representative: Wataru Orii, President Inquiries: Hiroto Tajitsu, Head of Business Administration Tel: +81-3-3502-4854
Acquisition of Thirteen Solar Power Plants
The Ichigo Green Infrastructure Investment Corporation ("Ichigo Green") today completed its acquisition of thirteen solar power plants as detailed in its October 2016 new share issuance prospectus. Because the seller of the Ichigo Takamatsu Kokubunjicho Nii ECO Power Plant is a related party as defined in the Investment Trust and Investment Corporation Law of Japan (the "Investment Law"), Ichigo Green's asset manager, Ichigo Investment Advisors ("IIA"), has obtained the necessary consent, pursuant to Article 201 Paragraph 2 of the Investment Law, from Ichigo Green's directors at a board meeting held on October 24, 2016. Furthermore, acquisition of the remaining twelve solar power plants is considered a related party transaction under IIA's internal rules on related-party transactions, and therefore IIA has obtained the necessary consent, pursuant to its internal rules, from Ichigo Green's directors at the same board meeting held on October 24, 2016.
I.  Acquisition Rationale
Ichigo Green primarily invests in renewable energy power plants, taking full advantage of Ichigo's track record and expertise in renewable energy production. The mission of Ichigo Green is to provide stable long-term returns for investors while contributing to the development of Japan's sustainable society. Today's acquisition of thirteen solar power plants will support Ichigo Green in its goal to maximize shareholder value with a portfolio that offers both return stability via long-term, stable cash flows and growth potential. Unlike fossil fuels, renewable energy sources do not emit greenhouse gases such as carbon dioxide and therefore the expansion of renewable energy contributes to reducing global greenhouse gas emissions. Ichigo Green offers investors an opportunity to invest in the significant and rapidly expanding green infrastructure asset class, and its growth is expected to support the development of Japan's capital markets while contributing to Japan's energy self-sufficiency. ...

II.   Acquired Solar Power Plant Summary
A.  Contract Date B.   Closing Date C. Seller D.  Financing Method October 24, 2016 December 1, 2016 Please refer to Section IV Proceeds from new share issuance, cash-on-hand, 5 and debt 6 Lump-sum payment E.   Settlement Method ¹ Appraisal Value is from the Valuation Report that PwC Sustainability has produced for each solar power plant at the request of Ichigo Green and pursuant to the Investment Law, rules set by the Investment Trusts Association, Japan, and the bylaws of Ichigo Green. ² Acquisition price excludes incidental expenses such as property, city planning, and consumption taxes. This applies throughout this document. 3 Panel Output is derived by multiplying the maximum output of a single solar panel, taken from the Technical Report produced by E&E Solutions, by the total number of panels, and truncated to the nearest hundredth. Therefore, the sum of panel output for each solar power plant does not match the total panel output for the entire portfolio. The actual panel output is the smaller of the photovoltaic module capacity and the inverter capacity. This applies throughout this document. 4 Feed-In Tariff (FIT) excludes consumption and local taxes as indicated in the respective Power Purchase Agreements for each solar power plant. The Feed-In Tariff (FIT) Total is a weighted average based on each plant's panel output. 5 For details, please refer to the October 24, 2016 release “Issuance of New Shares and Secondary Share Offering" and the November 21, 2016 release "Issue Price for New Share Issuance." 6 For details, please refer to today's release "Notice of New Loans and Interest Rate Swap." III.  Acquired Solar Power Plant Details Details of each solar power plant are shown in the following tables. Definitions of Terms and Notes for the Following Tables A.  Summary of Power Purchase Agreements describes the specific agreement for each solar power plant. Price (i.e. Feed-in Tariff) excludes consumption and local taxes. B. Location refers to the registered address of the land on which each solar power plant has been built. C. Land Street Address is the registered street address. 1. Area is the registered area and may not match the actual area. 2. Property Right refers to the specific type of right Ichigo Green holds with 3. respect to the land on which each solar power plant has been built. D. Equipment 1. Certification Date refers to the date on which each solar power plant has been certified. Production Start Date refers to the date on which each solar power plant 2. commenced energy production, excluding any test runs, and began supplying energy in accordance with respective power purchase agreements. 3. Remaining FIT Period refers to the difference between the acquisition date and the last day of the power procurement period for each respective solar power plant, truncated to the nearest month. 4. 5. 6. 7. 8. solar power plant and is based on the technical report produced by E&E Solutions. 9. Panel Maker refers to the manufacturer of the photovoltaic modules used in each solar power plant and is based on the technical report produced by E&E Solutions. 10.  Power Conditioner Supplier refers to the manufacturer of the power conditioners used in each solar power plant and is based on the technical report produced by E&E Solutions. 11.  EPC (Engineering, Procurement, and Construction) Contractor refers to the company contracted to work on the construction of each solar power plant. 12. Power Output refers to the smaller of the photovoltaic module capacity and the invertor capacity of each solar power plant and is based on the technical report produced by E&E Solutions. Last Day of FIT period refers to the day on which the FIT period ends for each respective solar power plant. FIT (Purchase Price) refers to the electric utility operator's purchase price for the electricity produced by each solar power plant (i.e., the solar power plant's electricity sale price), excluding consumption and local taxes. Property Right refers to the specific type of right Ichigo Green holds with respect to the solar power equipment. Panel Type refers to the type of photovoltaic module for each solar power plant and is based on the technical report produced by E&E Solutions. Number of Panels refers to the number of photovoltaic modules used in each 13.  Power Factor Control in Grid Connection refers to the power factor control value in connecting to the grid and is based on the technical report produced by E&E Solutions. 14. Projected Power Generation Capacity Utilization refers to the expected annual utilization rate of the total production capacity at each solar power plant shown as a probability of exceedance (P-50) derived from a statistical analysis of 20 years of daylight data from nearby meteorological offices and is based on the technical report produced by E&E Solutions. Specifically, the projected values for the first year, 10 th year, and 20 th year of operation are shown. This applies throughout this document. 15. Projected Annual Energy Production refers to the expected annual energy production at each solar power plant shown as a probability of exceedance (P-50) derived from a statistical analysis of 20 years of daylight data from the relevant meteorological offices and is based on the technical report produced by E&E Solutions. Specifically, the projected values for the first year, 10 th year, and 20 th year of operation are shown. This applies throughout this document. 16. Solar Module Array Structure refers to the structure of photovoltaic modules on the mounting racks and is based on the technical report produced by E&E Solutions. E. Ichigo Green has contracts in place with Ichigo ECO Energy to operate each solar power plant. F. Ichigo Green has contracts in place with maintenance service providers for each solar power plant. G.  Items of Special Note includes information that is considered important with respect to the rights, operation, appraisal, profitability, and disposal of each solar power plant, and is as of December 1, 2016. H.  Lease Details show a summary of the terms contained within the solar power plant lease contracts and project contracts that Ichigo Green has executed as of today. I. Valuation Report Details shows a summary of the valuation reports for each solar power plant produced by PwC Sustainability at the request of Ichigo Green pursuant to the Investment Law, rules set by the Investment Trusts Association, Japan, and the bylaws of Ichigo Green. PwC Sustainability does not have any capital, personnel, or business relationship of note with Ichigo Green or with its asset manager. J. The Ichigo Takamatsu Kokubunji Nii Real Estate Appraisal Report shows a summary of the content of the real estate appraisal report produced by Daiwa Real Estate Appraisal at the request of Ichigo Green and pursuant to the Act on Real Estate Appraisal, real estate appraisal standards, and the considerations with respect to using such standards set by the Ministry of Land, Infrastructure, Transport and Tourism. Daiwa Real Estate Appraisal does not have any capital, personnel, or business relationship of note with Ichigo Green or with its asset manager. K.  Meteorological Details show the meteorological conditions of each solar power plant and is produced based on the technical report produced by E&E Solutions, the valuation reports produced by PwC Sustainability, the real estate appraisal reports produced by Daiwa Real Estate Appraisal, and in certain cases information that has been directly obtained by Ichigo Green's asset manager.  This item does not reflect any changes in meteorological conditions after the publication of each respective source. L. Prior Years Earnings include figures and information for each solar power as received from previous owners. Electric Power Generation is the value measured as of each month's metering day and is based on the Notice of Purchased Power published by the purchasing electric utility operator. Operating Revenue is calculated as the product of power generation measured as of each month's metering day and the relevant procurement price (excluding taxes), plus any rental income and insurance premium received. Operating Expense is the sum of depreciation, maintenance fees, electricity bills, telecommunication fees, repair fees, insurance premium payments, taxes, outsourcing fees, and any other fee related to the operation of the solar power facility. Operating Profit is the difference of operating revenue and operating expense for each solar power plant. Prior Years Earnings have not been calculated using J-GAAP and may be based on expense assumptions, accounting standards, and other assumptions that differ from those used by Ichigo Green. As such, Prior Years Earnings may vary significantly from future power generation, operating revenue, and operating expenses, and should not be taken as any measure or guarantee of future performance. Furthermore, Prior Years Earnings are un-audited and presented as received from the previous owners, and therefore may be incomplete and inaccurate. Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and
Individual Solar Power Plant Details Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Groen, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. 2. The base fee (R1) of each calculation period is calculated as shown in the following formula, with amounts
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ... Meteorological Details Meteorological data used to calculate power production was obtained as follows: Closest meteorological weather station: Kiryu Location used in METPV-11 (hourly solar radiation data on an inclined surface): Kiryu Meteorological office used to obtain annual variability of daylight and depth of snow fall: Maebashi Hours of Sunshine Aggregate annual hours of sunshine for Kiryu are 2,054.9 hours, which is greater than the national average of 1,896.5 hours for prefectural capitals. Wind Speed The maximum recorded wind speed for Kiryu is 15 m/s recorded on March 1, 1978, compared to the maximum for Japan of 21.8 m/s recorded on February 16, 2014. Snow Fall Depth Snow fall is not recorded in Kiryu. The typical snow fall depth in neighboring Maebashi, however, is 10cm with the maximum recorded depth since 1962 being 73cm recorded in 2014. Lightning Strikes The area in which this solar plant operates experienced more than 6,001 individual lightning strikes and 121 to 160 days of strikes during 2011 thru 2015, and therefore has a relatively high risk of lightning strikes.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Groen, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ... 2. The base fee (R1) of each calculation period is calculated as shown in the following formula, with amounts smaller than JPY 1 truncated. However, if the leaseholder suffers a loss of income or an increase in expense as a result of any failure, delay, or lack of cooperation by Ichigo Green with respect to its repair obligation, then the base fee shall be reduced by the amount of lost income or increased expense. R1=X1—Y1 X1 : Projected revenue from electric power sales, in each calculation period, calculated as follows X1=PP * x1 x1 : Projected energy production, in units of kWh, of this solar power facility for the corresponding calculation period, which is based on the probability of exceedance (P85) forecasted energy production shown in the Technical Report. Y1 : Projected administrative expense for each calculation period, defined as the total reported administrative expense of the leaseholder that has been disclosed on its business plan and approved by Ichigo Green. However, for the purpose of calculating the base fee, operator fees are fixed at the amount that would be incurred assuming this power plant produces exactly the probability of exceedance (P85) forecasted energy production. 3. The performance-linked fee (R2) for each calculation period is calculated as shown in the following formula, with amounts smaller than JPY 0 set to equal JPY 0.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Meteorological Details
Meteorological data used to calculate power production was obtained as follows: Closest meteorological weather station: Mombetsu Location used in METPV-11 (hourly solar radiation data on an inclined surface): Mombetsu Meteorological office used to obtain annual variability of daylight and depth of snow fall: Abashiri Hours of Sunshine Aggregate annual hours of sunshine for Mombetsu are 1,726.8 hours, which is less than the national average of 1,896.5 hours for prefectural capitals. Wind Speed The maximum recorded wind speed for Mombetsu is 28.3 m/s recorded on September 17, 1961, and the maximum for instantaneous wind speed is 40.0 m/s recorded on September 8, 2004. Snow Fall Depth Average snow fall in Mombetsu is 59cm. Maximum recorded depth since 1962 is 121cm recorded in 2004. Lightning Strikes The area in which this solar plant operates experienced 501 to 1,500 individual lightning strikes and 41~80 days of strikes during 2011 thru 2015, and therefore has a relatively low risk of lightning strikes.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
the leaseholder, Ichigo Muroran Hatchodaira GK, so that it can build three electric poles, this additional land has not been included in the lease land area.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ... 2. The base fee (R1) of each calculation period is calculated as shown in the following formula, with amounts smaller than JPY 1 truncated. However, if the leaseholder suffers a loss of income or an increase in expense as a result of any failure, delay, or lack of cooperation by Ichigo Green with respect to its repair obligation, then the base fee shall be reduced by the amount of lost income or increased expense. R1=X1—Y1
3. The performance-linked fee (R2) for each calculation period is calculated as shown in the following formula, with amounts smaller than JPY 0 set to equal JPY 0.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Meteorological Details
Meteorological data used to calculate power production was obtained as follows: Closest meteorological weather station: Muroran Location used in METPV-11 (hourly solar radiation data on an inclined surface): Muroran Hours of Sunshine Aggregate annual hours of sunshine for Muroran are 1,725.2 hours, which is less than the national average of 1,896.5 hours for prefectural capitals. Wind Speed The maximum recorded wind speed for Muroran is 37.2 m/s recorded on September 26, 1954, and the maximum for instantaneous wind speed is 55.0 m/s recorded on September 26, 1954. Snow Fall Depth Average snow fall in Muroran is 26cm. Maximum recorded depth since 1962 is 54cm recorded in 2005. Lightning Strikes The area in which this solar plant operates experienced 501 to 1,500 individual lightning strikes and 41 to 80 days of strikes during 2011 thru 2015, and therefore has a relatively low risk of lightning strikes.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Groen, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
(Note) Power output is suspended at 0.86MW although the capacity is 1.0MW.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ... 2. The base fee (R1) of each calculation period is calculated as shown in the following formula, with amounts smaller than JPY 1 truncated. However, if the leaseholder suffers a loss of income or an increase in expense as a result of any failure, delay, or lack of cooperation by Ichigo Green with respect to its repair obligation, then the base fee shall be reduced by the amount of lost income or increased expense. R1=X1—Y1
3. The performance-linked fee (R2) for each calculation period is calculated as shown in the following formula, with amounts smaller than JPY 0 set to equal JPY 0.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Meteorological Details
Meteorological data used to calculate power production was obtained as follows: Closest meteorological weather station: Engaru Location used in METPV-11 (hourly solar radiation data on an inclined surface): Engaru Meteorological office used to obtain annual variability of daylight and depth of snow fall: Abashiri Hours of Sunshine Aggregate annual hours of sunshine for Engaru are 1,671.0 hours, which is less than the national average of 1,896.5 hours for prefectural capitals. Wind Speed The maximum recorded wind speed for Engaru is 16.0 m/s recorded on September 1, 1987, and the maximum for instantaneous wind speed is 26.9 m/s recorded on March 21, 2010. Snow Fall Depth Average snow fall in Engaru is 85cm. Maximum recorded depth since 1985 is 156cm recorded in 2004. Lightning Strikes The area in which this solar plant operates experienced 1,501 to 3,000 individual lightning strikes and 41 to 80 days of strikes during 2011 thru 2015, and therefore has a relatively high risk of lightning strikes.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ... 2. The base fee (R1) of each calculation period is calculated as shown in the following formula, with amounts smaller than JPY 1 truncated. However, if the leaseholder suffers a loss of income or an increase in expense as a result of any failure, delay, or lack of cooperation by Ichigo Green with respect to its repair obligation, then the base fee shall be reduced by the amount of lost income or increased expense.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ... Meteorological Details Meteorological data used to calculate power production was obtained as follows: Closest meteorological weather station: Nagahama Location used in METPV-11 (hourly solar radiation data on an inclined surface): Nagahama Meteorological office used to obtain annual variability of daylight and depth of snow fall: Matsuyama Hours of Sunshine Aggregate annual hours of sunshine for Nagahama are 1,904.5 hours, which is greater than the national average of 1,896.5 hours for prefectural capitals. Wind Speed The maximum recorded wind speed for Nagahama is 26.0 m/s recorded on October 20, 2004, and the maximum for instantaneous wind speed is 28.1 m/s recorded on May 1, 2011. Snow Fall Depth Average snow fall in Matsuyama is 2cm. Maximum recorded depth since 1962 is 14cm recorded in 1984, and therefore has a relatively low risk of snow. Lightning Strikes The area in which this solar plant operates experienced 3,001 to 6,000 individual lightning strikes and 121 to 160 days of strikes during 2011 thru 2015, and therefore has a relatively high risk of lightning strikes.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Groen, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. 2. The base fee (R1) of each calculation period is calculated as shown in the following formula, with amounts
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Meteorological Details
Meteorological data used to calculate power production was obtained as follows: Closest meteorological weather station: Nakashibetsu Location used in METPV-11 (hourly solar radiation data on an inclined surface): Nakashibetsu Meteorological office used to obtain annual variability of daylight and depth of snow fall: Nemuro Hours of Sunshine Aggregate annual hours of sunshine for Nakashibetsu are 1,747.6 hours, which is less than the national average of 1,896.5 hours for prefectural capitals. Wind Speed The maximum recorded wind speed for Nakashibetsu is 17.2 m/s recorded on November 10, 2013, and the maximum for instantaneous wind speed is 27.7 m/s recorded on November 10, 2013. Snow Fall Depth Average snow fall in Nakashibetsu is 75cm. Maximum recorded depth since 1986 is 156cm recorded in 2015. Lightning Strikes The area in which this solar plant operates experienced 501 to 1,500 individual lightning strikes and 1 to 40 days of strikes during 2011 thru 2015, and therefore has a relatively low risk of lightning strikes.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
purpose.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ... Meteorological Details Meteorological data used to calculate power production was obtained as follows: Closest meteorological weather station: Atsuma Location used in METPV-11 (hourly solar radiation data on an inclined surface): Atsuma Meteorological office used to obtain annual variability of daylight: Sapporo Meteorological office used to obtain annual variability of depth of snow fall: Abira Hours of Sunshine Aggregate annual hours of sunshine for Atsuma are 1,707.9 hours, which is less than the national average of 1,896.5 hours for prefectural capitals. Wind Speed The maximum recorded wind speed for Atsuma is 17.0 m/s recorded on August 23, 1981, and the maximum for instantaneous wind speed is 26.3 m/s recorded on March 21, 2010. Snow Fall Depth Average snow fall in Abira is 69cm. Maximum recorded depth since 1984 is 103cm recorded in 1996. Lightning Strikes The area in which this solar plant operates experienced 1,501 to 3,000 individual lightning strikes and 41 to 80 days of strikes during 2011 thru 2015, and therefore has a relatively low risk of lightning strikes.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
None (Note) Power output is suspended at 0.75MW although the capacity is 1.0MW.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Meteorological Details
Meteorological data used to calculate power production was obtained as follows: Closest meteorological weather station: Urahoro Location used in METPV-11 (hourly solar radiation data on an inclined surface): Urahoro Meteorological office used to obtain annual variability of daylight and depth of snow fall: Obihiro Hours of Sunshine Aggregate annual hours of sunshine for Urahoro are 2,000.3 hours, which is greater than the national average of 1,896.5 hours for prefectural capitals. Wind Speed The maximum recorded wind speed for Urahoro is 14.0 m/s recorded on April 20, 1995, and the maximum for instantaneous wind speed is 22.2 m/s recorded on October 8, 2015. Snow Fall Depth Average snow fall in Urahoro is 53cm. Maximum recorded depth since 1986 is 85cm recorded in 2004. Lightning Strikes The area in which this solar plant operates experienced 1 to 500 individual lightning strikes and 1 to 40 days of strikes during 2011 thru 2015, and therefore has a relatively low risk of lightning strikes.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ... Meteorological Details Meteorological data used to calculate power production was obtained as follows: Closest meteorological weather station: Nago Location used in METPV-11 (hourly solar radiation data on an inclined surface): Nago Meteorological office used to obtain annual variability of daylight and depth of snow fall: Naha Hours of Sunshine Aggregate annual hours of sunshine for Nago are 1,764.0 hours, which is less than the national average of 1,896.5 hours for prefectural capitals. Wind Speed The maximum recorded wind speed for Nago is 36.2 m/s recorded on May 28,2011, and the maximum for instantaneous wind speed is 57.9 m/s recorded on September 4, 2002. Snow Fall Depth There is no snow fall in Nago. Lightning Strikes The area in which this solar plant operates experienced 1,501 to 3,000 individual lightning strikes and 121 to 160 days of strikes during 2011 thru 2015, and therefore has a relatively high risk of lightning strikes.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
(Note) Power output is suspended at 0.83MW although the capacity is 1.00MW.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ... 2. The base fee (R1) of each calculation period is calculated as shown in the following formula, with amounts smaller than JPY 1 truncated. However, if the leaseholder suffers a loss of income or an increase in expense as a result of any failure, delay, or lack of cooperation by Ichigo Green with respect to its repair obligation, then the base fee shall be reduced by the amount of lost income or increased expense. R1=X1—Y1
3. The performance-linked fee (R2) for each calculation period is calculated as shown in the following formula, with amounts smaller than JPY 0 set to equal JPY 0.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Meteorological Details
Meteorological data used to calculate power production was obtained as follows: Closest meteorological weather station: Engaru Location used in METPV-11 (hourly solar radiation data on an inclined surface): Engaru Meteorological office used to obtain annual variability of daylight and depth of snow fall: Abashiri Hours of Sunshine Aggregate annual hours of sunshine for Engaru are 1,671.0 hours, which is less than the national average of 1,896.5 hours for prefectural capitals. Wind Speed The maximum recorded wind speed for Engaru is 16.0 m/s recorded on September 1, 1987, and the maximum for instantaneous wind speed is 26.9 m/s recorded on March 21, 2010. Snow Fall Depth Average snow fall in Engaru is 85cm. Maximum recorded depth since 1985 is 156cm recorded in 2004. Lightning Strikes The area in which this solar plant operates experienced 1,501 to 3,000 individual lightning strikes and 41 to 80 days of strikes during 2011 thru 2015, and therefore has a relatively low to average risk of lightning strikes.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
² The Value via Cost Approach and the Value via DCF Method show total value of both the land and the equipment.
■ Meteorological Details
Meteorological data used to calculate power production was obtained as follows: Closest meteorological weather station: Takamatsu Location used in METPV-11 (hourly solar radiation data on an inclined surface): Takamatsu Hours of Sunshine Aggregate annual hours of sunshine for Takamatsu are 2,053.9 hours, which is greater than the national average of 1,896.5 hours for prefectural capitals. Wind Speed The maximum recorded wind speed for Takamatsu is 24.4 m/s recorded on September 26, 1954, and the maximum for instantaneous wind speed is 39.5 m/s recorded on September 10, 1965. Snow Fall Depth Average snow fall in Takamatsu is 2cm. Maximum recorded depth since 1962 is 19cm recorded in 1984. Lightning Strikes The area in which this solar plant operates experienced more than 6,001 individual lightning strikes and 81 to 120 days of strikes during 2011 thru 2015, and therefore has a relatively high risk of lightning strikes. Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investment of poets defered controlled that regulating and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ... 2. The base fee (R1) of each calculation period is calculated as shown in the following formula, with amounts
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Meteorological Details
Meteorological data used to calculate power production was obtained as follows: Closest meteorological weather station: Miyakonojo Location used in METPV-11 (hourly solar radiation data on an inclined surface): Miyakonojo Meteorological office used to obtain annual variability of daylight and depth of snow fall: Miyazaki Hours of Sunshine Aggregate annual hours of sunshine for Miyakonojo are 1,939.6 hours, which is greater than the national average of 1,896.5 hours for prefectural capitals. Wind Speed The maximum recorded wind speed for Miyakonojo is 35.0 m/s recorded on September 17, 1945, and the maximum for instantaneous wind speed is 51.4 m/s recorded on October 14,1951. Snow Fall Depth Average snow fall in Miyakonojo is less than 1cm. Maximum recorded depth since 1962 is 8cm recorded in 1963. Lightning Strikes The area in which this solar plant operates experienced more than 6,001 individual lightning strikes and more than 161 days of strikes during 2011 thru 2015, and therefore has a relatively high risk of lightning strikes.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ... Social Contribution
Items of Special Note According to the liquefaction hazard map issued by Toyokawa City, the site is specified as highly hazardous. .
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Meteorological Details
Meteorological data used to calculate power production was obtained as follows: Closest meteorological weather station: Gamagori Location used in METPV-11 (hourly solar radiation data on an inclined surface): Gamagori Meteorological office used to obtain annual variability of daylight and depth of snow fall: Nagoya Hours of Sunshine Aggregate annual hours of sunshine for Gamagori are 2,125.6 hours, which is greater than the national average of 1,896.5 hours for prefectural capitals. Wind Speed The maximum recorded wind speed for Gamagori is 14.6 m/s recorded on September 9, 2015, and the maximum for instantaneous wind speed is 28.7 m/s recorded on October 8, 2009. Snow Fall Depth Average snow fall in Nagoya is 8cm. Maximum recorded depth since 1962 is 23cm recorded in 2006 and 2015. Lightning Strikes The area in which this solar plant operates experienced 1,501 to 3,000 individual lightning strikes and 41 to 80 days of strikes during 2011 thru 2015, and therefore has a relatively low risk of lightning strikes.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Groen, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and Operator Details
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility.
Solar Power Plant Technical Report Details
Ichigo Green has obtained a technical report from E&E Solutions that assesses each plant's solar power generation system, power generation capacity, various contracts related to the solar power plants, and the sustainability of the solar power plants with respect to functional degradation and environmental conditions. E&E Solutions does not have any capital, personnel, or business relationship of note with Ichigo Green or with its asset manager.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
¹ Repair costs are the aggregate expected cost of replacing critical components over a 20-year period and are taken from the technical report produced by E&E Solutions. Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Groen, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Seismic Risk Assessment
As part of its due diligence process, Ichigo Green has obtained an assessment of seismic risk with respect to the solar power plants from Aioi Nissay Dowa Insurance and InterRisk Research Institute & Consulting. Neither Ichigo Green nor its asset manager has any capital, personnel, or business relationship of note with Aioi Nissay Dowa Insurance and InterRisk Research Institute & Consulting.
1.2 PML (Probable Maximum Loss) is the maximum expected loss from a large-scale earthquake (defined as an earthquake with an expected frequency of occurrence once every 475 years, or a 10% chance of occurrence within the next 50 years) occurring in the next 50 years, expressed as a ratio to the estimated replacement cost.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility.

V.
Solar Power Plant Prior Owner Details
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Groen, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Groen, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
(Note 2) While parts of the land were acquired within the past year, Acquisition Price is not shown because the owner before the prior owner has not consented to disclose this information. Acquisition Price for other land is not shown because the land was acquired more than a year ago and there is no owner before the prior owner.
VI.   Broker Details
There were no brokers involved in the acquisition of the 13 solar power plants.
VII.  Earnings Outlook
Ichigo Green's earnings outlook for the June 2017 fiscal period, the December 2017 half-term, and the June 2018 fiscal period are as disclosed in today's announcement "Earnings and Dividend Forecasts for the June 2017 and June 2018 Fiscal Periods." VIII.  Summary of the Opinion on Profitability of Infrastructure Investment Assets and of the Opinion on the Earnings Sustainability of Infrastructure Investment Assets The thirteen solar power plants acquired are not subject to these opinions, and therefore, not applicable.
Appendix: Post-Acquisition Portfolio
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding asset acquisitions by Ichigo Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. ...
taxes. ² Panel Output is derived by multiplying the maximum output of a single solar panel by the total number of panels, and truncated to the nearest hundredth. Therefore, the sum of panel output for each solar power plant does not match the total panel output for the entire portfolio. ³ Feed-In Tariff (FIT) excludes consumption and local taxes as indicated in the respective Power Purchase Agreements for each solar power plant. The Feed-In Tariff (FIT) Total is a weighted average based on each plant's panel output. * Distribution of this material: the Kabuto Club, the press club of the Ministry of Land, Infrastructure, Transport, and Tourism, and the press club for construction industry newspapers at the Ministry of Land, Infrastructure, Transport, and Tourism * The website of Ichigo Green is scheduled for launch later today. ...