Japan's Itochu to boost capacity of U.S. solar power business by 150%

Buffett-backed trading house to increase spending on the business by $8bn

20240810N Texas solar farm

Solar panels are seen at a solar power facility in Texas, U.S.

SHIN WATANABE, Nikkei staff writer

TOKYO --Japanese trading house Itochu will spend an additional 1.2 trillion yen ($8.18 billion) to increase its solar and other renewable power generation capacity that it is involved in developing in the U.S. by 150% around 2030 to roughly 10,000 megawatts.

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