(Bloomberg) — Orix Corp. is investing in a 100-megawatt
wind farm off the coast of Ibaraki prefecture, northeast of
Tokyo.
The project, which is being developed by Komatsuzaki Group
and SB Energy, a unit of SoftBank Corp., will install 20 5-megawatt turbines, the companies said in a statement Thursday.
It is the first investment in offshore wind for Orix,
according to the statement. No financial terms were disclosed.
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
Andrew Hobbs, Amanda Jordan