Japan's Mitsui invests $200m to build Texas solar farm

Trading house hopes to sell electricity directly to U.S. factories and companies

20240509N solar farm

Mitsui aims to start commercial operation of the Texas solar farm, like this one in the state of Indiana, in 2026. © Reuters

KEIGO YOSHIDA, Nikkei staff writer

TOKYO -- Japanese trading house Mitsui & Co. will invest about 30 billion yen ($193 million) over two years to build a solar farm in the U.S. state of Texas, the company said on Thursday, looking to tap nascent demand in a state where wind power is the dominant renewable energy.

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