Aug 05, 2021 10:23 PM (GMT+8) · EqualOcean
Shanghai Electric Power announced that Shanghai Electric Power Japan Co., Ltd., a wholly-owned subsidiary of the company, plans to acquire 100% equity of Yamaguchi project company (including shareholder loans) held by R.S. Asset Management Co., Ltd. The total transaction consideration shall not exceed 22.4 billion yen (including 14.4 billion yen of equity consideration and 8 billion yen of loans from original shareholders). Yamaguchi Iwate photovoltaic project is located in Iwate City, Yamaguchi Prefecture, Japan, with an installed capacity of 75MW. It has been started in November 2019 and is planned to be connected to the grid in June 2023.

This text is a result of machine translation.