Mitsubishi buys solar energy stakes

Bloomberg

Mitsubishi Corp. acquired 50 percent stakes in two solar power stations in France from EDF Energies Nouvelles SA.

The projects, which have a combined capacity of 56 megawatts, were acquired through Mitsubishi’s wholly owned subsidiary, Diamond Generating Europe, the company said in a statement Monday.

No financial terms were disclosed.

The Nikkei newspaper reported earlier Monday that the purchases will cost about ¥2 billion ($20 million). The paper did not say where it received the information from.

Mitsubishi had earlier acquired a 50 percent stake in the Toul Rosieres solar power plant in France, according to the statement.