en.Wedoany.com Reported - Chubu Electric Power has signed an agreement to invest approximately 23 billion yen in Continuum Green Energy, an Indian renewable energy company. This Indian renewable energy company primarily supplies green electricity to commercial and industrial users, state-level and central power distribution companies, and the electricity trading market, with operations covering wind power, solar photovoltaic, wind-solar hybrid, and wind-solar-storage integrated projects.

Continuum Green Energy's current project portfolio is approximately 4.7 GW, including about 2.7 GW of operational assets, 900 MW of projects under construction, and 1.1 GW of projects in development. Chubu Electric's investment is still subject to relevant regulatory approvals, and upon completion, it will acquire an undisclosed equity stake in the company. The project pipeline of Indian renewable energy companies in the commercial and industrial power procurement market will also provide investors with an entry point to participate in local green power supply.

Chubu Electric's 23 billion yen investment will be used to expand its overseas renewable energy business. Continuum Green Energy CEO and Co-founder Arvind Bansal stated: "This partnership reflects our shared commitment to advancing reliable, efficient, and low-carbon energy solutions, and will strengthen our ability to scale responsibly and create lasting value for all stakeholders." As the project portfolio of Indian renewable energy companies advances, the demand for wind power, solar photovoltaic, and energy storage supporting facilities will continue to be released.

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