Mitsubishi UFJ Lease to Invest in SoftBank’s Solar Firm in Japan

Mitsubishi UFJ Lease & Finance Co. will invest in a 32-megawatt solar power plant SB Energy Corp. is developing in Japan’s southwestern prefecture of Kagoshima.

The plant, which will produce enough electricity for more than 10,000 homes, will start operating by March 2018, the companies said in a statement Tuesday. Financial terms weren’t disclosed.

SB Energy is the clean energy unit of SoftBank Group Corp.

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