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NH Financial to buy $20 mn stake in Japan s solar farm
An infrastructure fund pooled by NH Financial s units is acquiring a stake from power utility KEPCO 21 HOURS AGO
An LS Electric employee is inspecting solar panels at a solar farm in Chitose, Hokkaido
South Korea s NongHyup Financial Group, or NH Financial Group, has acquired a stake in a solar power plant in Japan from Korea Electric Power Corp. (KEPCO) for 25 billion won ($22 million), according to a local newspaper report.
An infrastructure fund pooled by NH Financial s units will buy a 35 percent stake in the solar farm located in Chitose, Hokkaido, the Maeil Business Newspaper reported last week. The facility, a majority owned and run by power utility KEPCO, is Japan’s first energy storage system (ESS)-linked solar power generation facility.