ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Marubeni enters Taiwan renewable energy market via acquisition

Trading house invests over $100m in Chenya Energy with 270,000 kW output

Taiwan's Chenya Energy is building an offshore solar farm with an output capacity of 180,000 kW. 

TOKYO -- Marubeni will purchase a Taiwanese renewable energy company that is developing one of the world's largest offshore solar farms, seeing an opportunity in a market trying to wean itself off nuclear power.

The Japanese trading house will spend more than 10 billion yen (or over $100 million) for a 100% stake in Chenya Energy as well as its power generation facilities with a total capacity of 270,000 kW.

Sponsored Content

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

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

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