ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business deals

NTT, JERA plan Japan's largest acquisition in renewables

$2bn offer for Green Power Investment comes amid competition for wind, solar sites

NTT and JERA are making an aggressive bid to bolster their footprint in renewable energy. (Source photos by Green Power Investment, Yuki Nakao and Kosuke Imamura)

TOKYO -- Nippon Telegraph and Telephone and JERA, Japan's top burner of fossil fuels, are poised to buy Tokyo-based Green Power Investment for around 300 billion yen ($2.18 billion), in what would be one of the country's largest deals ever for a renewable energy company, Nikkei has learned.

The companies are expected to make an announcement as early as today.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more