TOKYO -- Japanese wind power startup Challenergy is planning to roll out its first typhoon-proof turbine this year, targeting sales to remote islands such as those in the Philippines and Guam, and aiming to sell up to 100 units next year.
The Tokyo-based company is backed by corporate investors, including Mitsui Sumitomo Insurance Venture Capital and Dai-Ichi Life Insurance, and the state through subsidies. With its newly developed Magnus VAWT, or Vertical Axis Wind Turbine, it hopes to secure enough revenue to expand its business.
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