Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

SoftBank Unit, Mitsui to Join Green Power to Build Wind Farm

June 10 (Bloomberg) -- SoftBank Corp.’s renewable energy unit and Mitsui & Co., a Japanese trading company, will join Green Power Investment Corp. to build a 48-megawatt wind farm in western Japan.

Construction for the plant in Shimane prefecture will begin this month and operations are expected to start by March 2016, the three companies said in a statement today. No financial terms were disclosed.

This will be the first wind project for SB Energy, which has been developing solar stations in Japan, according to the statement.

SB Energy has a 47.8 percent stake in Green Power, according to Kenichi Yuasa, a SoftBank spokesman. Mitsubishi Corp., and Development Bank of Japan Inc. are among other stakeholders, according to Green Power’s website.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.