Kyuden International Corporation, a member of Kyuden Group, is pleased to announce that it has entered into an agreement with Tokyo Century Corporation to acquire 100% of the ownership interests in a solar power generation project being developed by Oriden LLC,  a U.S.-based renewable energy developer under the Mitsubishi Heavy Industries Group.

This marks the Kyuden Group’s second investment in renewable energy projects in the United States. With this latest acquisition, the Kyuden Group’s total equity output from overseas power generation projects worldwide will amount to approximately 2,793 MW*¹. Through participation in this project, the Kyuden Group will further accelerate the expansion of its renewable energy business in the U.S. market.

The Kyuden Group will continue to utilize its advanced technological capabilities and extensive experience to further expand its business globally, while working towards the realization of the “Kyuden Group Carbon Neutral Vision 2050.”

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*¹ total includes projects which have not yet started commercial operation.