Toyota Tsusho photo voltaic plant
Toyota Tsusho
Toyota Tsusho, a unit of Japan’s Toyota Group, has agreed to purchase an 85% stake in Japanese renewable vitality developer SB Power from SoftBank.
“SB Power might be a subsidiary of Toyota Tsusho, with an 85% inventory possession ratio and an affiliate of Softbank with a 15% inventory possession ratio,” SoftBank mentioned in an announcement, with out disclosing phrases. the financials of the deal. “[We] discover the collaborative efforts of their group corporations in renewable vitality companies, such because the joint growth of renewable vitality, electrical energy provide and demand adjustment, and so on., aiming to attain carbon neutrality.
SB Power at present owns and operates 773 MW of renewable vitality belongings in Japan, together with 667.1 MW of solar energy and 55.9 MW of wind energy. This portfolio might be added to Toyota’s Eurus Power unit.
“By becoming a member of SB Power beneath the umbrella of Toyota Tsusho, Toyota Tsusho Group will turn out to be one of many largest energy turbines in Japan not solely in wind energy but additionally in solar energy,” SoftBank mentioned.
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