Renova Inc., a developer of renewable energy, is targeting an expansion of its solar-power capacity to more than 300 megawatts, while also tapping into other clean energy technologies to broaden its offerings amid cuts in the rates that solar-power producers get.
The Tokyo-based venture, which started out in the waste-recycling business in 2000, currently has about 190 megawatts of solar either operating or under construction in the country.
"Our immediate focus is to bring online our pipeline for mega-solar," Yukiyoshi Tomita, a senior manager at Renova's corporate planning office, said in an interview in Tokyo. "We also want to secure wind and biomass capacity followed by geothermal."
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.