RENOVA, Inc. acquired an additional 9% stake in Karumai Sonbou Solar Power Plant from NEC Capital Solutions Limited for ¥125 million.
October 07, 2021
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RENOVA, Inc. (TSE:9519) acquired an additional 9% stake in Karumai Sonbou Solar Power Plant from NEC Capital Solutions Limited (TSE:8793) for ¥125 million on October 8, 2021. For the year ending March 31, 2021, Karumai Sonbou Solar Power Plant reported EBIT and net income of ¥0 million. As of March 31, 2021, Karumai Sonbou Solar Power Plant had net assets of ¥1172 million and total assets of ¥11012 million.
RENOVA, Inc. (TSE:9519) completed the acquisition of an additional 9% stake in Karumai Sonbou Solar Power Plant from NEC Capital Solutions Limited (TSE:8793) on October 8, 2021.
RENOVA, Inc. is a Japan-based company mainly engaged in renewable energy generation business and the development and management of renewable energy business. With its subsidiaries, the Company operates power generation business. The Company has three business segments. Renewable Energy Power Generation develops electricity sales business by operating renewable energy power plants, including large scale solar power generation, wind power generation and biomass power generation. Renewable Energy Development and Management supports establishment and opening of a new renewable energy power plant and supports operation after opening. Plastics Recycling manufactures and sells recycled plastics.