Ichigo : Solar & Wind Power Generation & CO2 Reduction Data - July 2022

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.

August 3, 2022

Ichigo Inc. (Tokyo Stock Exchange Prime, 2337) Representative: Scott Callon, Chairman

Inquiries: Takanori Sakamatsu, Senior Statutory Executive Officer

Telephone: [phone]www.ichigo.gr.jp/en

Ichigo Solar & Wind Power Generation & CO2 Reduction Data - July 2022

FY23/2

					Power Generation (kWh)						CO2 Reduction (kg-CO2)1
		Ichigo			Ichigo Green*			Total			YOY				Ichigo			Ichigo Green*			Total
		(A)			(B)			(A) + (B)						(C)			(D)			(C) + (D)
March	18,533,727		3,095,147		21,628,874		+6.4%			8,025,103		1,531,423		9,556,527
April	18,622,268		3,542,064		22,164,332		+2.8%			8,063,441		1,750,402		9,813,844
May	19,895,727		3,340,305		23,236,032		+19.6%			8,614,849		1,585,837		10,200,686
June	18,694,400		3,095,098		21,789,498		+17.0%			8,094,674		1,514,725		9,609,399
July	16,967,333		3,357,778		20,325,112		+10.2%			7,346,855		1,688,009		9,034,864
August		-		-		-		-			-		-		-
H1		-		-		-		-			-		-		-
September		-		-		-		-			-		-		-
October		-		-		-		-			-		-		-
November		-		-		-		-			-		-		-
December		-		-		-		-			-		-		-
January		-		-		-		-			-		-		-
February		-		-		-		-			-		-		-
H2		-		-		-		-			-		-		-
Full Year		-		-		-		-			-		-		-

* Ichigo Green Infrastructure Investment Corporation ("Ichigo Green," 9282)

July Ichigo and Ichigo Green solar and wind power generation was 20,325,112kWh, 3% above forecast.2 On a year-on-year basis, power generation increased 10% compared to July 2021 due to the addition of 10 new power plants.

1. CO2 reduction is calculated as 0.433kg CO2 per kWh, except for the Ichigo Nago Futami ECO Power Plant (owned by Ichigo Green) 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.
2. 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 and wind power plant's operating plan.

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Reference: FY22/2 (March 2021 - February 2022) Data

FY22/2

						Power Generation (kWh)						CO2 Reduction (kg-CO2)
		Ichigo				Ichigo Green			Total			YOY				Ichigo			Ichigo Green			Total
		(A)				(B)			(A) + (B)						(C)			(D)			(C) + (D)
March	17,131,621			3,196,015		20,327,636		+32.8%			11,306,869		2,109,370		13,416,239
April	18,067,410			3,484,717		21,552,127		+18.9%			11,924,490		2,299,913		14,224,404
May	16,343,184			3,077,949		19,421,133		+5.3%			10,786,501		2,031,446		12,817,947
June	15,304,517			3,316,137		18,620,654		+11.5%			10,100,981		2,188,650		12,289,632
July	14,957,162			3,489,015		18,446,178		+40.3%			9,871,727		2,302,750		12,174,477
August	14,355,276			3,150,555		17,505,832		-11.8%			9,474,482		2,079,366		11,553,849
H1	96,159,172			19,714,391		115,873,563		+14.1%			63,465,053		13,011,497		76,476,550
September	12,380,718			2,997,804		15,378,522		+15.5%			8,171,273		1,978,550		10,149,824
October	14,382,319			2,917,588		17,299,907		+27.7%			9,492,330		1,925,608		11,417,938
November	13,637,384			2,195,201		15,832,586		+25.1%			9,000,673		1,448,832		10,449,506
December	11,572,066			2,024,918		13,596,985		+36.5%			7,637,563		1,336,446		8,974,009
January	12,769,459			1,925,886		14,695,345		+40.6%			8,427,842		1,271,085		9,698,927
February	13,860,181			2,324,684		16,184,865		+15.0%			9,147,719		1,534,291		10,682,011
H2	78,602,127			14,386,081		92,988,212		+25.7%			51,877,403		9,494,814		61,372,218
Full Year	174,761,299			34,100,472		208,861,776		+19.0%			115,342,456		22,506,312		137,848,769

Note: In addition to its own solar and wind power plants, Ichigo manages 15 renewable energy plants owned by Ichigo Green. Data for each of these Ichigo Green plants are disclosed in today's Ichigo Green release "Solar Power Generation & CO2 Reduction Data" at www.ichigo-green.co.jp/en.

Ichigo discloses realtime solar and wind power production and CO2 reduction data for each Ichigo and Ichigo Green solar and wind power plant at www.ichigo.gr.jp/en/business/sustainable/eco/plant.

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