Mitsubishi Buys Solar Stakes in France From Energies Nouvelles

Mitsubishi Corp. (8058), a Japanese trading company, acquired 50 percent stakes in two solar power stations in France from EDF Energies Nouvelles SA.

The projects which have a combined capacity of 56 megawatts were acquired through Mitsubishi’s wholly owned subsidiary, Diamond Generating Europe, the company said in a statement today. No financial terms were disclosed.

The Nikkei newspaper reported earlier today that the purchases will cost about 2 billion yen ($20 million). The paper didn’t say where it got the information.

Mitsubishi had earlier acquired a 50 percent stake in the Toul Rosieres solar power plant in France, according to the statement.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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