Complete the Acquisition of Shares of Green Power Investment2023/08/03

NTT Anode Energy Corporation (“NTT Anode Energy”) and JERA Co., Inc. (“JERA”) concluded an agreement with Pattern Energy Group LP (“Pattern Energy”), a US renewable energy company, for the joint acquisition of Green Power Investment Corporation (“GPI”) and other renewable energy businesses in Japan (Press Release, May 18, 2023). NTT Anode Energy and JERA have today completed the acquisition of shares of GPI from Pattern Energy.

NTT Anode Energy, JERA and GPI will cooperate with each other to further enhance the corporate value of GPI utilizing resources of NTT Anode Energy particularly for onshore wind and of JERA for the offshore wind power generation.

With the acquisition of GPI, JERA will further accelerate development of renewable energy, including offshore wind power generation in Japan.