Mitsubishi Corp., Japan’s biggest trading house by market value, acquired a 50 percent stake in a solar power plant in France from EDF Energies Nouvelles SA, Mitsubishi said in a statement.
Toul-Rosieres solar power plant tranche 1, which started operations in June, has a capacity of 55 megawatts, according to the statement.
Total project cost is about 22 billion yen ($250 million), Mitsubishi said. The company didn’t say how much it paid for the stake.
The move is the first time for Mitsubishi to acquire a photovoltaic power generating asset in France, according to the statement.