Japan's renewables drive sparks new investment by Sumitomo Electric

Power cable maker to spend $278m on expanding domestic production

20230623N power lines

Japan wants to bolster its infrastructure for transmitting renewable power across different regions. (Photo by Shinya Sawai)

SHIMPEI NAKAMURA, Nikkei staff writer

OSAKA -- Sumitomo Electric Industries will invest around 40 billion yen ($278 million) to expand production of power transmission lines in Japan as the government plans grid improvements for renewable energy.

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