Ichigo Green Infrastructure Investment : Solar Power Generation & CO2 Reduction Data - March 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.

April 5, 2022

Issuer

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

1-1-1 Uchisaiwaicho, Chiyoda-ku, Tokyo

Representative: Nanako Ito, Executive Directorwww.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: [phone]

Solar Power Generation & CO2 Reduction Data - March 2022

FY22/6
No. of Solar Power Plants	Panel Output (MW)	Forecast Power Generation (kWh) (A)1	Actual Power Generation (kWh) (B)	Difference (kWh) (B) - (A)	CO2 Reduction (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	-	-	3,276,652	-	-	-
May	-	-	3,406,683	-	-	-
June	-	-	3,059,187	-	-	-
Full Year	-	-	33,947,048	-	-	-

March solar power generation was 3,095,147kWh, 1% above 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 with 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.

Power Generation by Solar Power Plant

March 2022
Solar Power Plant	Panel Output (MW)	Forecast Power Generation (kWh) (A)	Actual Power Generation (kWh) (B)	Difference (kWh) (B) - (A)
Ichigo Kiryu Okuzawa	1.33	155,346	161,634	+6,287
Ichigo Motomombetsu	1.40	158,232	144,360	-13,871
Ichigo Muroran Hatchodaira	1.24	147,135	154,919	+7,784
Ichigo Engaru Kiyokawa	1.12	121,477	110,427	-11,049
Ichigo Iyo Nakayamacho Izubuchi	1.23	128,600	130,945	+2,344
Ichigo Nakashibetsu Midorigaoka	1.93	234,100	229,511	-4,588
Ichigo Abira Toasa	1.16	137,185	123,034	-14,150
Ichigo Toyokoro	1.02	145,133	125,223	-19,910
Ichigo Nago Futami	8.44	716,545	738,320	+21,774
Ichigo Engaru Higashimachi	1.24	130,385	116,170	-14,215
Ichigo Takamatsu Kokubunjicho Nii	2.43	268,146	291,272	+23,125
Ichigo Miyakonojo Yasuhisacho1	1.44	150,563	140,737	-9,826
Ichigo Toyokawa Mitocho Sawakihama	1.80	203,751	215,348	+11,597
Ichigo Yamaguchi Aionishi	1.24	130,563	130,834	+271
Ichigo Yamaguchi Sayama	2.35	253,206	282,406	+29,199
Total	29.43	3,080,374	3,095,147	+14,773

1 The Ichigo Miyakonojo Yasuhisacho ECO Power Plant was subject to Kyushu Electric's suspension of renewable energy purchases on March 6, 9, 12, and 27. The table below shows the monthly suspension of purchase at the Ichigo Miyakonojo Yasuhisacho ECO Power Plant.

Year	2021	2022
Month	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar
Suspended Days	7	9	-	-	-	1	4	-	1	1	2	4

Ichigo Green discloses realtime solar power production and CO2 reduction data for each Ichigo Green solar power plant atwww.ichigo-green.co.jp/en/portfolio.