TOKYO — Japanese energy company J-Power plans to scale back its U.S. fossil-fuel power generation business by selling as many as nine of 11 stakes in plants it holds, looking to use the funds to develop renewable energy generation overseas.
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TOKYO — Japanese energy company J-Power plans to scale back its U.S. fossil-fuel power generation business by selling as many as nine of 11 stakes in plants it holds, looking to use the funds to develop renewable energy generation overseas.
Formally known as Electric Power Development, J-Power holds a total output of 2,510 megawatts in U.S. interests as of the end of fiscal 2023, making it the company’s second-largest overseas business after Thailand.