Marubeni acquires Taiwanese solar developer

Japanese conglomerate Marubeni Corporation has entered the Taiwanese solar market with the acquisition of Chenya Energy Co Ltd, a solar project developer operating on the island. Chenya Energy will become a fully owned subsidiary when the transaction is finalised. The Chenya portfolio will give Marubeni 950 MW of power generation facilities in Taiwan. No time frame for the completion of the deal or the purchase price has been disclosed.

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