Acquisition heralds Toshiba debut in wind power industry

Siemens wind turbine

Toshiba (TYO: 6502) has further bolstered its renewable energy portfolio after announcing the acquisition of Sigma Power Janex a subsidiary of Kyushu-based Janex Co., Ltd, a Japanese wind farm operator.

The company is already the global leader in geothermal power generation systems and is also prominent in hydropower.
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At the completion of the acquisition, Sigma Power Janex Co., Ltd. will operate two wind farms, the Nagashima-Kuronose Wind Power Plant in Kagoshima prefecture, and Shin-Kamigoto Whales Wind System in Nagasaki prefecture, both on Kyushu, in western Japan.

In addition, the company is to construct a new wind farm in Shin-Nagashima in Kagoshima, which is scheduled to start operation in fiscal year 2014, and has plans for four more wind farms in the Tohoku, Chugoku and Shikoku regions of Japan.

4-Traders says that by acquiring Sigma Power Janex Co., Ltd., Toshiba expects to expand its wind power business by promoting synergies between the engineers who develop the equipment and those who deploy and use it.

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