Goldman Affiliate JRE to Invest in Biomass Power, Nikkei Reports

(Bloomberg) — Japan Renewable Energy Co., an affiliate of
Goldman Sachs Group Inc., will invest in biomass energy through
the acquisition of Eco Green Co., the Nikkei newspaper reported
Thursday.

Japan Renewable Energy will invest more than 1 billion yen
($8 million) to build biomass power stations as early as this
year, the paper said without attribution.

JRE will buy Eco Green, a Tokyo-based Japanese biomass
company, for hundreds of millions of yen, Nikkei reported.

JRE is a developer of solar and wind projects in Japan.

To contact the reporter on this story:
Chisaki Watanabe in Tokyo at
cwatanabe5@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Abhay Singh, Claudia Carpenter

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