Press Release

April 21, 2022

Shizen Energy Inc.
Alamport Inc.
NiX Co., Ltd.

Shizen Energy Group and Alam Nix Renewables

Complete 1MW Solar Power Plant in Indonesia

Shizen Energy Inc. (Shizen Energy) and Alam Nix Renewables Pte., Ltd. (ANR) have
completed construction of an approximately 1MW solar power plant in Indonesia. The
completion ceremony was held on April 19, attended by Vice Minister of Embassy of
Japan in Indonesia Mr. Masami Tamura, Deputy Ambassador of Embassy of
Switzerland Mr. Philippe Strub, and other honored guests.

Shizen Energy and ANR have established a local subsidiary, PT ATW Alam Hijau (AAH),
together with the ATW Group. ATW Group is involved in sales of solar power
generation equipment and construction of solar power plants. Through its operation,
AAH aims to develop the solar power generation business in Indonesia.

This solar power plant was installed by AAH on land adjacent to PT. Anugerah
Pharmindo Lestari's (APL) distribution facility in Cikarang, West Java. APL, a group
company of Swiss health care corporation Zuellig Pharma, has a logistics facility in the
industrial park in Cikarang and distributes materials. The electricity generated at this
solar power plant will be utilized by APL.

“APL plays an active role in prioritizing the value of sustainability in business. APL will
continue to collaborate with strategic parties to achieve ambition in our sustainability
mission with other initiatives.“ said Christophe Piganiol, President Director of APL.

According to the press release from APL, “With the spirit to provide the best for future
generations, APL strives to develop sustainability pillars. In addition to the Cikarang
NDC facility, APL is also preparing the installation of solar panels for APL Medan and
is targeted to be completed in 2022. Through our Sustainability programs, APL hopes
that APL can have a positive impact on the environment.”

APL can reduce electricity costs by using price-competitive clean renewable energy
without initial investments. In addition, by switching a portion of its electricity
consumption to renewable energy sources, APL will contribute to the effective
reduction of greenhouse gas (GHG) emissions in its business activities. This project is
expected to generate 1,089MWh of electricity per year and reduce GHG emissions by
669t-CO2 per year. The Indonesian government has declared that the country will
achieve carbon neutrality by 2060, and this project will also contribute to achieving that
goal.
Press Release

■Project overview

Solar power rated 0.806MWp

output

Facility and location Logistics facility of PT. Anugerah Pharmindo Lestari (APL)
Cikarang, West Java, Indonesia

Start of construction October, 2021

Construction completed April, 2022

■Power plant, Completion ceremony

【About Alam Nix Renewables Pte., Ltd. (ANR)】

Established in August 2021, ANR is a joint venture of the NiX Group, whose core
companies are Alamport Inc. and NiX Co., Ltd.. Alamport is engaged in business
development, investment, and consulting and advisory services to promote renewable
energy projects that meet local needs in Indonesia and other Southeast Asian countries.
It is involved in a wide range of renewable energy power generation projects tailored
to local resources, including solar, hydropower, and biomass. Shizen Energy has a 20%
stake in Alamport. 16 domestic and overseas companies, including special-purpose
companies, form the NiX Group, whose core businesses are construction consulting
and power generation in Japan and overseas. In particular, in the power generation
business in Indonesia, the company is currently constructing and developing two of its
own hydroelectric power plants, mainly through its local engineering corporation, and
plans to expand its business in the region in the future.
· Headquarters ： 160 Robinson Road, #14-04 Singapore Business Federation
Centre, Singapore, 068914
· Directors!Fumito Kotani, Soichiro Nishimori, Tomoaki Ichimori, Yoshio
Wataru
· URL：https://alamport.net/about-us/anr/
Press Release

【About Shizen Energy Inc.】

Founded in June, 2011, with the PURPOSE of “We take action for the blue planet”.
The company’s business includes development, engineering, procurement,
construction (EPC), operation and maintenance (O&M), and asset management
businesses for the installation and operation of large-scale renewable energy power
plants. It also provides decarbonization solutions such as power purchase
agreements (PPA) for medium and small-scale power plants and electricity retailing.
In addition, since 2016, the company has been focusing on its overseas operations,
expanding its development and power generation projects in areas such as
Southeast Asia and Brazil.
· Headquarters：Fukuoka Ohori Bldg. 3F/6F, 1-1-6 Arato, Chuo Ward, Fukuoka
City, Fukuoka Prefecture
· Representative Directors!Ken Isono, Kenji Kawado, Masaya Hasegawa
· URL：http://www.shizenenergy.net/en/

<For inquiries regarding this press release>

Shizen Energy Inc., Branding & Communication Department
E-mail: se-comm@shizenenergy.net