Chubu Electric Power completed the acquisition of a 50% stake in Tsuruga Green Power from Marubeni.

Chubu Electric Power, a company that engages in the supply of electricity, gas, and on-site energy, completed the acquisition of a 50% stake in Tsuruga Green Power, a 37-MW wood-fired biomass power plant, from Marubeni, a trading company. Financial terms were not disclosed. Chubu Electric Power aims to improve energy self-sufficiency and achieve a low-carbon society, as a major energy source and we will continue to pursue the development of renewable energies to achieve our goal of reaching a minimum of 2k MW from renewables by around the year 2030.