Mitsubishi Corporation (MC, Tokyo, Japan)
has reached an agreement to invest in US-based distributed generation
company Nexamp Inc. (North Andover, Massachusetts).
Nexamp is engaged in development,
construction, operation and maintenance, as well as asset management for
distributed solar Photovoltaic (PV) generation projects, with a record
of developing some 50MW of energy across the US northeast.
The initiative is being executed through Diamond Generating Corporation (DGC), MC’s wholly owned subsidiary in the US.
The company is seeking to expand its presence in
this growing business area. For its part, by engaging in the distributed
solar power generation business as the Nexamp’s main shareholder, MC
sees this new challenge as part of its overall aim to maximize corporate
value through business expansion and the transformation of its business
models, reads the press release.
As it develops and operates its power generation
businesses globally as an independent power producer (IPP), Mitsubishttps://www.blogger.com/blogger.g?blogID=1210536265178080370#editor/target=post;postID=659822497189231946hi
Corporation will continue to pursue new business models in keeping with
the changes taking place in the business environment, the company notes.
source: http://www.solarserver.com
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