MEIDENSHA CORPORATION [6508.T]
TOKYO, Mar 30 (Pulse News Wire) – MeidenSha Corporation (6508.T) announced today that its board of directors held on March 30 approved a wind farm replacement investment project worth approximately ¥11.00 billion. The project involves replacing the turbines at the Hachirogata Wind Power Plant operated by its subsidiary, Emwins Hachirogata Co., Ltd., located in Akita Prefecture.
This decision follows a previous delay announced on February 27, 2023, due to rising costs and changes in environmental conditions. The company now aims to enhance the plant's efficiency ahead of the expiration of the feed-in tariff system in January 2027.
The upgraded facility will ensure long-term stable renewable energy generation and support MeidenSha’s strategic decarbonization efforts. Key details of the investment include: - Investment amount: Approximately ¥11.00 billion - Output capacity: 28,000 kW (seven units) - Construction start: April 2027 - Operational commencement: April 2029 MeidenSha stated that the impact on its consolidated fiscal results for the March 2026 period would be minor.
The company will promptly disclose any significant developments related to this project.
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