Pattern Energy Group LP and its subsidiary, Green Power Investment Corporation (GPI), have concluded financing and commenced full construction of the 112 MW Ishikari Offshore Wind project located roughly three km off the coast of Ishikari Bay in Hokkaido, Japan. The plant will include a 100 MW/180 MWh capacity battery storage component.
MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, Limited, Mizuho Bank, Ltd., Development Bank of Japan Inc., Societe Generale, and Shinsei Bank, Limited arranged the financing facility collectively.
The commercial operation of the Ishikari Offshore Wind project is anticipated to begin in December 2023. Its power output is covered by a 20-year power purchase agreement with Hokkaido Electric Power Network, Inc.
