On completion of the acquisition, which is scheduled on this November, Sigma Power Janex Co Ltd will become a wholly owned subsidiary of Toshiba.
Toshiba says that it is reinforcing its capabilities and presence in renewable energy sources. The company is already a leader in geothermal power generation systems and hydro power systems, and is also involved in the wind power generation equipment business through a 2011 capital alliance with Korea-based Unison Co Ltd
. The acquisition of Sigma Power Janex Co Ltd will extend the scope of its business to cover wind power generation and supply.
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, the westernmost of Japan's main islands. As well as this, 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.