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

Mitsui to build megasolar farm in Philippines with local partner

Japanese group embarks on first such venture in Southeast Asia with $60m project

Mitsui & Co. handles megasolar projects in the U.S. and Mexico. (Photo courtesy of the company)

TOKYO -- Japanese trading house Mitsui & Co. has chosen the Philippines as the site for the company's first megasolar project in Southeast Asia.

Mitsui has formed a renewable energy joint venture with Philippine utility Global Business Power. The solar project in the northern province of Rizal is expected to cost roughly 7 billion yen ($64.4 million), with Mitsui to foot about 40% of the bill.

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