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Tokyo Electric Unit Plans 50% Expansion in Wind, Solar Capacity

Eurus Energy Holdings Corp., a unit of Tokyo Electric Power Co., may invest as much as 100 billion yen ($1.2 billion) to expand wind and solar energy generation by more than half and meet rising demand for cleaner power.

Japan’s biggest wind farm operator plans to increase output from renewable energy projects by 1,000 megawatts from 1,950 megawatts in the U.S., Asia and Europe in five years, Tetsuro Nagata, president and chief executive officer, said in an interview in Tokyo yesterday.