EnergyJapan'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
Solar panels are seen at a solar power facility in Texas, U.S.
SHIN WATANABE, Nikkei staff writer
August 11, 2024 00:18 JST
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.