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Home Mitsubishi Electric Signs Agreement with HD Renewable Energy, Will Establish Joint Venture and Acquire Stake

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Mitsubishi Electric Signs Agreement with HD Renewable Energy, Will Establish Joint Venture and Acquire Stake

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has signed an agreement with HD Renewable Energy Co., Ltd., a Taipei-based developer and operator of solar power and battery storage systems, to collaborate on initiatives that will help realize carbon neutrality. As part of their collaboration, the companies will establish an aggregation business joint venture and Mitsubishi Electric will acquire a stake in HD Renewable Energy. Amid rising fuel costs...

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