Marubeni obtains Taiwanese solar developer

Feb 27, 2020 02:51 PM ET
  • The Japanese empire will certainly get Chenya Energy for an unrevealed amount. The Taiwanese developer has a 270 MW solar project pipe on the island.
Marubeni obtains Taiwanese solar developer
Image: jniittymaa0/Pixabay

Japanese corporation Marubeni Corporation has actually gotten in the Taiwanese solar market with the purchase of Chenya Energy Carbon Monoxide Ltd, a solar project developer operating on the island.

When the purchase is wrapped up, Marubeni claimed Chenya Energy will certainly end up being a fully-owned subsidiary. No time at all framework for conclusion of the offer, or acquisition cost were revealed.

"With an internet profile of financial investments completing about 270 MW of solar energy generation possessions, Chenya is among the leading gamers amongst renewable resource programmers in Taiwan," Marubeni claimed in a declaration.

The Chenya profile, the Japanese firm included, will certainly provide Marubeni 950 MW of power generation centers in Taiwan.

Marubeni, whose procedures consist of oil, gas and also atomic energy trading, is creating 2 of the biggest PV projects in the center East: an 800 MW solar plant in Qatar with French utility EDF; and also a 500 MW center in Oman. The firm is additionally energetic as an independent power manufacturer in markets consisting of Japan and also Chile.

Solar Installers, Manufacturers