TOKYO -- Toshiba plans to invest about 48 billion yen ($319 million) to boost production of electricity transmission and distribution equipment through fiscal 2027, as the rise of renewable energy necessitates updates to power grids.
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Toshiba charges up investment in production of power grid equipment
Investment to rise 140% over three years to $320 million amid renewable energy boom
Toshiba will scale up production mainly for transformers, switchgear and other large equipment. (Toshiba)
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