NTT and JERA are making an aggressive bid to bolster their footprint in renewable energy. (Source photos by Green Power Investment, Yuki Nakao and Kosuke Imamura)
TOKYO — Nippon Telegraph and Telephone and JERA, Japan’s top burner of fossil fuels, are poised to buy Tokyo-based Green Power Investment for around 300 billion yen ($2.18 billion), in what would be one of the country’s largest deals ever for a renewable energy company, Nikkei has learned.
The companies are expected to make an announcement as early as today.
