Pacifico Energy

What Pacifico Energy does

Pacifico Energy K.K. (パシフィコ・エナジー株式会社) is a privately held Japanese renewable energy developer founded in September 2012 and headquartered at Roppongi Grand Tower in Minato-ku, Tokyo. The company develops, constructs, and operates utility-scale solar photovoltaic power plants, grid-scale battery energy storage systems (BESS), electricity power trading operations, and offshore wind projects. As of 2025, Pacifico has developed and commissioned 1,293 MW (DC basis) of solar capacity across 11 prefectures, representing one of Japan's largest utility-scale solar portfolios, with over 1 GW of capacity certified by the Ministry of Economy, Trade and Industry (METI). Cumulative generation since founding totals 8.3 billion kWh with 3.97 million tonnes of CO2 emissions reduction. The company also holds a 500 MW offshore wind site survey license in Vietnam and is developing offshore wind sites in Japan through the SSE Pacifico K.K. joint venture with UK-based SSE Renewables (established October 2021). Pacifico has offices in Japan, Vietnam, South Korea, and the United States, with US operations focused on private grid infrastructure for data center customers (including the 7.65 GW GW Ranch project in Texas).

The company's core technology stack spans utility-scale solar PV, grid-scale lithium-ion battery storage (with Tesla Megapack referenced for US projects), and a proprietary in-house market forecast AI system that processes weather, solar radiation, wind speed, and economic time-series data to forecast electricity demand and supply. The AI system supports power trading strategy and BESS charge/discharge optimization in Japan's wholesale (JEPX), balancing, and capacity markets. Pacifico has built a vertically integrated BESS framework covering development, design, procurement, construction management, market trading strategy, and asset management, with merchant BESS assets operational in Hokkaido (Shiroishi), Kyushu (Itoshima), and Tokyo (Koganai) markets. The company's "full merchant" BESS model operates without government subsidies, in contrast to its legacy solar assets which generate revenue primarily under feed-in tariff (FIT) contracts with regional electric utilities.

Pacifico's business model combines long-term FIT-backed power purchase agreements with Japan's regional electric utilities for solar generation (Chugoku Electric, Tohoku Electric, Kyushu Electric, Chubu Electric, Kansai Electric, Kansai Transmission and Distribution, TEPCO Energy Partner are named offtakers), merchant-based BESS revenue from electricity markets, asset management services, and emerging data center private grid revenue. The company has raised over $3.5 billion USD in equity and debt finance since founding, including two private placement funds (15.5 billion yen in February 2018 and 29 billion yen in 2019) and project-level syndicated debt from MUFG Bank, Sumitomo Mitsui Trust Bank, Shinsei Bank, Bank of Fukuoka, Mitsubishi HC Capital, and BOT Lease. Strategic EPC partners include JGC Japan, Toyo Engineering, Chiyoda Corporation, Sharp Energy Solutions, juwi Shizen Energy, and RAIZNEXT. President and CEO Hiroki Matsuo has led the company since June 2019, with the management team drawing from Mitsubishi Corporation, Fortress Investment Group, Merrill Lynch, Accenture, Panasonic, Sumitomo Electric, and JGC Corporation.

Name

Pacifico Energy

Legal name

Pacifico Energy K.K.

Website

https://pacificoenergy.jp

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

51–100 employees

Short description

Pacifico Energy is a privately held Japanese renewable energy developer operating 1.3 GW of utility-scale solar, grid-scale battery storage, and electricity power trading across Japan, with expansion into offshore wind (SSE JV), US data center private grids, and Vietnam offshore wind.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Electric Power Generation (22111)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG)

akta.pro secondary industries

Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB), Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence) (EUAMAGAJ), Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls) (EUAMAOAI), Renewable Attribute Portfolio Management & Optimization (EUAGAFAD), Development-Stage M&A & Portfolio Acquisition (Early-Stage/Ready-to-Build) (EUAMAAAF)

Keywords

• Utility-scale solar
• Battery energy storage
• Power trading
• Offshore wind development
• Renewable energy generation

Headquarters

HQ city

Minato

HQ country

Japan

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Solar Power Generation and Sales: Pacifico Energy develops, constructs, and operates utility-scale solar photovoltaic power plants. Revenue is generated through feed-in tariff contracts with regional utility companies and direct power sales in the liberalized electricity market.
2. Battery Energy Storage System Operations: Grid-scale battery storage systems generating revenue through participation in daily electricity markets (capacity, balancing, and wholesale) rather than long-term bilateral contracts - a 'full merchant' model.
3. Power Trading: Trading activities in the market for buying and selling electricity, including forecasting demand and supply, charging/discharging storage batteries during optimal periods, and providing regulating power and reserve power.
4. Offshore Wind Development: Joint venture SSE Pacifico K.K. developing offshore wind projects in Japan, with revenue expected from power generation once projects reach operational stage.
5. Asset Management Services: Asset management services for solar power plants including engineering, construction, operation, maintenance and monitoring.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Pacifico Energy develops, finances, constructs, and operates utility-scale renewable energy assets in Japan and selectively abroad, primarily solar PV power plants, grid-scale battery energy storage systems, offshore wind farms (via the SSE Pacifico K.K. joint venture), and participates in wholesale electricity power trading on JEPX using a proprietary AI-based market forecast tool. The company monetizes generation through feed-in tariff and direct PPAs with Japanese regional utilities, merchant trading on wholesale and balancing markets, and provides asset management services across its portfolio.

Product overview

Pacifico Energy is a privately held, utility-scale renewable energy development company with a diversified portfolio spanning solar power generation (over 1.5 GW certified capacity), grid-scale battery energy storage systems (BESS), electricity power trading, and offshore wind development. The company operates through four core business segments: Solar (photovoltaic projects including Japan's largest 257.7 MW Sakuto plant), Energy Storage System (market-based BESS projects totaling significant MWh capacity across Hokkaido, Kyushu, and Tokyo markets), Power Trading (proprietary AI-driven electricity market participation), and Offshore Wind (via SSE Pacifico K.K. joint venture with UK partner SSE Renewables). Pacifico Energy has raised over $3.5 billion USD in equity and debt finance since founding in 2012 and achieved grid-scale commercial operations without government subsidies in the Japanese power market.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar Power Generation Projects
• Energy Storage System (BESS) Projects
• Power Trading Service
• Offshore Wind Development (SSE Pacifico K.K. JV)
• Solar Asset Management Services
• Private Grid Project Development (GW Ranch Texas)

Quantifiable outcome

• 679,317 t-co2 emission reduction annually (2025)
• +4 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature3 records

Partnerships

Seven partnerships are on record, tiered flagship and core.

• SSE RenewablesflagshipStrategic or Co-development Partner · 1 October 2021In October 2021, Pacifico Energy established a joint venture company 'SSE Pacifico K.K.' with SSE Renewables, a leading UK renewables company, to develop offshore wind projects in Japan. SSE Renewables brings international offshore wind development expertise while Pacifico Energy contributes local market knowledge and regulatory relationships.
• Toyo Engineering Corp.coreTechnology or IntegrationEPC contractor for Kumenan Solar Power Project (32.3 MWdc) in Okayama Prefecture.
• JGC Japan CorporationcoreTechnology or IntegrationEPC contractor for Sakuto Solar Power Project (257.7 MWdc), Japan's largest solar project.
• Chiyoda CorporationcoreTechnology or IntegrationEPC contractor for Toyota Solar Power Project (62.1 MWdc) in Aichi Prefecture.
• Sharp Energy Solutions Corporation (SESJ)coreTechnology or IntegrationEPC contractor for Wakayama Solar Power Project (111.055 MWdc).
• juwi Shizen Energy Inc.coreTechnology or IntegrationEPC contractor for Sano Solar Power Project (53.9 MWdc) in Tochigi Prefecture.
• RAIZNEXT Corp.coreTechnology or IntegrationEPC contractor for Bizen Solar Power Project (111.8 MWdc) in Okayama Prefecture.

Scale indicators8 records

Recent moves8 records

Expansion highlights3 records

Direct peers

• Eurus Energy Holdings: One of Japan's largest independent renewable energy developers with utility-scale wind and solar across Japan. Pacifico Energy's CEO Hiroki Matsuo previously led solar and wind development at Eurus, and both compete for Japanese land sites, FIT/corporate PPAs, and project-finance relationships with MUFG and other Japanese lenders.
• Shizen Energy Inc. Japanese independent power producer developing solar, wind, and biomass projects with a vertically integrated platform that also covers retail electricity supply. Directly competes with Pacifico for Japanese land, offtake contracts, and increasingly for the merchant BESS / power-trading opportunity through JEPX.
• SB Energy (SoftBank Group): SoftBank's renewable energy arm operating one of Japan's largest solar and wind portfolios including mega-solar projects. Overlaps with Pacifico on utility-scale solar development, FIT contracts, and competition for engineering resources and EPC partners such as JGC and Chiyoda.
• Renova Energy (Renova, Inc.): Tokyo-listed renewable IPP with a diversified portfolio of solar, wind, biomass, and geothermal projects across Japan. Comparable in development scope, project-finance structure, and ambition to expand beyond FIT solar into merchant and corporate PPA markets that Pacifico is targeting with its BESS and trading business.
• SSE Renewables: UK-listed SSE's renewables arm and Pacifico's joint venture partner in SSE Pacifico K.K. for Japanese offshore wind development. Most directly comparable offshore wind developer with comparable scale, project-development discipline, and grid-integration expertise relevant to Pacifico's offshore wind ambitions.

Broad incumbents

• JERA Co., Inc. Japan's largest power generator formed by TEPCO and Chubu Electric, with a growing renewables portfolio and significant trading capability. A scale-incumbent buyer of renewable power and a potential strategic counterparty rather than a direct head-to-head rival in development, but increasingly competes in the BESS and capacity markets Pacifico is targeting.
• RWE Renewables Japan: Subsidiary of German utility RWE with offshore wind and onshore renewables development in Japan. Pursues the same Japanese offshore wind opportunities enabled by the SSE Pacifico JV and competes for corporate PPAs with major Japanese corporates and for grid connections.
• Enel Green Power Japan: Japanese arm of Enel's global renewables business, operating solar and wind projects and increasingly pursuing BESS in Japan. Comparable as a foreign-incumbent developer with the capital, technology, and offtake relationships that Pacifico competes against in Japanese utility-scale tenders.
• Iberdrola Renewables Japan: Spanish utility Iberdrola's Japanese renewables arm, active in offshore wind development in Japanese waters and selected solar projects. Competes for the same offshore wind sites and corporate renewable PPAs that the SSE Pacifico JV is targeting.
• Ørsted Japan: Danish offshore wind leader with a growing Japanese portfolio and one of the few foreign developers active in Japanese offshore wind tenders. Highly comparable as a global offshore wind specialist with the kind of expertise that the SSE Pacifico JV is bringing to bear in Japan.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/pacificoenergy
• YouTubeyoutube.com/channel/UC9NJUiEcMwoe_kmx1h69FZw

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pacifico Energy