Japan Energy Giant Launches UK-Headquartered Renewable Energy Group [Yahoo! Finance]
TOKYO ELEC PWR UNSP/ADR (TKECY)
NASDAQ:AMEX Investor Relations:
tepco.co.jp/en/corpinfo/ir/top-e.html
Company Research
Source: Yahoo! Finance
JERA, founded in 2015 as a 50-50 joint venture between TEPCO Fuel & Power, a wholly owned subsidiary of Tokyo Electric Power Co., and Chubu Electric Power, on April 15 said its JERA Nex business has a goal to deploy at least 20 GW of renewable energy generation capacity by 2035. The company it would develop, invest in, own and operate a variety of renewable energy assets, including solar power, battery energy storage, and onshore and offshore wind. JERA officials in a news release said, "By combining the resilience of JERA, one of the world's largest electricity producers, with the agility and focus of a dedicated renewables business, JERA Nex will be a renewable energy company that can achieve scale at the pace required to substantialize JERA's commitment to decarbonization." Global Portfolio The Tokyo-based company in 2020 announced its "JERA Zero CO Emissions 2050" program, and has since been developing a global portfolio of renewable energy projects. JERA last year acquired Pa
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