BETHESDA, Md.–(BUSINESS WIRE)–Enviva announced today that the conditions precedent to the
organization’s previously announced take-or-pay off-take contracts to
supply 630,000 metric tons per year (MTPY) of wood pellets to a major
Japanese customer have been satisfied and the agreements are now firm.
Under the terms of the agreements with Mitsubishi Corporation, Enviva
will be the exclusive, long-term imported biomass fuel supplier to the
Aioi Bioenergy Corporation, a joint venture between Mitsubishi
Corporation Power Ltd. And Kansai Electric Power Co, Inc., which is
converting an existing oil-fired power plant to biomass.

Under these contracts, Enviva Partners, LP (NYSE: EVA) (the
“Partnership”) and Enviva JV Development Company, LLC, the Partnership’s
sponsor’s joint venture with John Hancock Life Insurance Company
(U.S.A.), will supply approximately 180,000 and 450,000 MTPY of wood
pellets, respectively. Deliveries under the contracts are scheduled to
commence in late 2022 and continue for at least 15 years.

“Our partners at Aioi Bioenergy and Mitsubishi Corporation are at the
forefront of Japan’s commitment to reducing the impacts of climate
change,” said John Keppler, Chairman and Chief Executive Officer of
Enviva. “We are privileged and honored to be the sole source of supply
of sustainable wood pellet fuel to the Aioi facility, one of the largest
dedicated biomass projects in Japan announced to date, and we look
forward to helping Mitsubishi and Kansai deliver on the promise of
renewable energy.”

Enviva Partners, LP and its sponsor have now finalized long-term
off-take agreements with counterparties in Japan that will total 1.5
million MTPY by the end of 2022.

About Enviva Partners, LP

Enviva Partners, LP (NYSE: EVA) is a publicly traded master limited
partnership that aggregates a natural resource, wood fiber, and
processes it into a transportable form, wood pellets. The Partnership
sells a significant majority of its wood pellets through long-term,
take-or-pay agreements with creditworthy customers in the United Kingdom
and Europe. The Partnership owns and operates six plants with a combined
production capacity of nearly three million metric tons of wood pellets
per year in Virginia, North Carolina, Mississippi, and Florida. In
addition, the Partnership exports wood pellets through its owned marine
terminal assets at the Port of Chesapeake, Virginia, and the Port of
Wilmington, North Carolina and from third-party marine terminals in
Mobile, Alabama and Panama City, Florida. To learn more about Enviva
Partners, LP, please visit our website at www.envivabiomass.com
and follow us on Twitter (@EnvivaBiomass).

About Enviva Holdings, LP

Enviva Holdings, LP is the world’s largest producer of wood pellets, a
renewable and sustainable energy source used to generate electricity and
heat. Through its subsidiaries, Enviva Holdings, LP owns and operates
wood pellet processing plants and deep-water export terminals in the
Southeastern United States. We export our pellets primarily to power
plants in the United Kingdom and Europe that previously were fueled by
coal, enabling them to reduce their lifetime carbon footprint by about
80 percent. We make our pellets using sustainable practices that protect
Southern forests, and we employ about 800 people and support many other
businesses in the rural South, where jobs and economic opportunity are
sometimes scarce. Enviva Holdings, LP conducts its activities primarily
through two entities: Enviva Partners, LP, a publicly traded master
limited partnership (NYSE: EVA), and Enviva Development Holdings, LLC, a
wholly-owned private company. To learn more about Enviva, please visit
our website at www.envivabiomass.com.

Cautionary Note Concerning Forward-Looking Statements

Certain statements and information in this press release, including
those concerning future deliveries under off-take contracts, may
constitute “forward-looking statements.” The words “believe,” “expect,”
“anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,”
or other similar expressions are intended to identify forward-looking
statements, which are generally not historical in nature. These
forward-looking statements are based on our current expectations and
beliefs concerning future developments and their potential effects.
Although management believes that these forward-looking statements are
reasonable when made, there can be no assurance that future developments
will be those that management anticipates. These forward-looking
statements involve significant risks and uncertainties (some of which
are beyond our control) and assumptions that could cause actual results
to differ materially from our historical experience and our present
expectations or projections.