Mitsubishi Corp. bets big on US solar with $3.9bn expansion plan

TOKYO -- Japanese trading house Mitsubishi Corp. will boost its solar power generation capacity in the U.S. by 160% by 2028, Nikkei has learned, with a total project cost estimated at $3.9 billion.

The company will source equipment from local suppliers and take advantage of tax incentives for solar development in the U.S.