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Toshiba to buy wind power generation firm

Posted: 26 Sep 2013 ?? ?Print Version ?Bookmark and Share

Keywords:wind power generation? acquisition? wind farm?

Toshiba Corp. has revealed that it will enter the wind power generation business by acquiring Sigma Power Janex Co. Ltd, a subsidiary of Janex Co. Ltd that operates wind farms in Kyusyu, Japan. When the acquisition is completed in November, Sigma Power Janex will become a wholly owned subsidiary of Toshiba.

Toshiba is reinforcing its capabilities and presence in renewable energy sources. The acquisition of Sigma Power Janex will extend the scope of its business to cover wind power generation and supply.

At the completion of the acquisition, Sigma Power Janex will operate two wind farms, the Nagashima-Kuronose Wind Power Plant in Kagoshima prefecture, and Shin-Kamigoto Whales Wind System in Nagasaki prefecture, both on Kyushu, the westernmost of Japan's main islands. In addition, the company is to construct a wind farm in Shin-Nagashima in Kagoshima, which is scheduled to start operation in fiscal year 2014, and has plans for four more wind farms in the Tohoku, Chugoku and Shikoku regions of Japan.

There is a worldwide trend towards greater use of wind power and other renewable energy sources. In Japan, although wind power generation must pass stringent environmental assessment, its deployment, along with that of other renewables, is being encouraged by a government-initiated feed-in tariff (FIT) pricing system. By acquiring Sigma Power Janex, Toshiba expects to expand its wind power business by promoting synergies between the engineers who develop the equipment and those who deploy and use it.

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