Selected as Preferred Bidder for Construction of Wind Turbine Foundations and Marine Civil Engineering Works in Kitakyushu Hibikinada Offshore Wind Farm Project

Tokyo, Japan - April 26, 2022- Penta-Ocean Construction Co., Ltd. is pleased to announce that we have been selected as the preferred bidder for the construction of wind turbine foundations and marine civil engineering works in Kitakyushu Hibikinada Offshore Wind Farm Project (Developer: Hibiki Wind Energy Co., Ltd.)

In this project, a 220MW large-scale wind farm (with 25 nos. of 9.6MW wind turbines) is planned to be constructed in an approx. 2,700ha site within the port area of the Hibikinada district of the Port of Kitakyushu^*1. For this major project, the joint ventures including Penta-Ocean Construction were selected as the preferred bidders for the following scope of works.

Preparations for this project are underway with the aim of starting construction within FY 2022. We plan to utilize the company-owned offshore installation vessel^*3 equipped with a large crane for the transportation and installation of foundations and wind turbines. We will contribute to the realization of carbon neutrality through our efforts in the offshore wind power construction.

^*1Project outline (Website of Hibiki Wind Energy Co., Ltd.) (Hibiki Wind Energy Project Outline)

^*2O&M: Operation & Maintenance

^*3Offshore installation vessel" means Self-elevating Platform (SEP) equipped with a large crane. We currently own "CP-8001" (with an 800t lifting capacity) and are newly constructing "CP-16001" (with a 1,600t lifting capacity, joint-ownership with Kajima Corporation and Yorigami Maritime Construction Co., Ltd., scheduled to be operational in March 2023). Furthermore, we plan to jointly own with DEME Offshore (Belgium), the third vessel (with a 1,600t lifting capacity, scheduled to be operational in 2025).