Toshiba Enters Wind Energy Business

Toshiba Corporation this week announced that it will enter the wind energy business by acquiring Sigma Power Janex Co., Ltd., a subsidiary of Kyushu-based Janex Co., Ltd. that operates wind farms in Kyusyu, Japan.

On completion of the acquisition, which is scheduled on this November, Sigma Power Janex Co., Ltd. will become a wholly owned subsidiary of Toshiba.

According to the press-release, Toshiba is reinforcing its capabilities and presence in renewable energy sources. The company considers itself the world number one in geothermal power generation systems and a leader in hydro power systems, and is also involved in the wind power generation equipment business through a 2011 capital alliance with Korea-based Unison Co., Ltd. The acquisition of Sigma Power Janex Co., Ltd. will extend the scope of its business to cover wind power generation and supply.

At the completion of the acquisition, Sigma Power Janex Co., Ltd. will operate two wind farms, the Nagashima-Kuronose Wind Power Plant in Kagoshima prefecture, and Shin-Kamigoto Whales Wind System in Nagasaki prefecture, both on Kyushu, the westernmost of Japan