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NTT to join Japan's renewable-energy sector with $9bn investment

Telecom giant aims to provide over 10% of nation's capacity

The NTT group's entrance into the renewable-energy market stands to change the competitive landscape. (Photo by Takaki Kashiwabara)

TOKYO -- Japanese telecommunications group Nippon Telegraph & Telephone will enter the country's market for renewable energy, investing more than 1 trillion yen ($9.3 billion) by 2030 to boost capacity and establish its own transmission network, Nikkei has learned.

NTT aims to generate 7.5 million kilowatts of electricity -- the equivalent of 12% of the nation's renewable-energy capacity as of 2019.

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