27. Marubeni Corporation acquired a minority interest in the Cricket Valley Energy Center power generation project being developed by Advanced Power. 2020 Seajacks (U.K.) Signing of Turbine Foundation Installation Contract for Offshore Wind Farm Project at Akita Port and Noshiro Port in Akita Prefecture … Marubeni Power Systems Corporation changed its name to Marubeni Power & Infrastructure Systems Corporation on April 1, 2020. 20. Marubeni Protechs Corporation Summary Import, export and domestic sale of plant and related machinery, Environmental related business, Support to Japanese industries transferring abroad base of production, and project under Official Development Assistance (ODA) With offices in New York and Houston, Marubeni Power International, Inc. (MPII), formerly known as National Power Development, Inc., was established in 1986 for the purpose of representing Marubeni Corporation's interests in the power generation and transmission business in the Americas.MPII is interested to hear about any opportunity to participate in power (and transmission) projects in the Americas, but we are particularly interested in North American portfolio opportunities.As part of our mandate, we are committed to creating long-term value, rather than limited short-term gains from our investments in power generation. We will increase this to approximately 20% by 2023.In the power generation business, Marubeni delivers a safe & stable supply of power by taking a leading role throughout the entirety of the projects in which it participates; from the development stage, to construction, and finally operation & maintenance, Marubeni leverages its industry expertise, fostered by a wealth of knowledge and experience in EPC and Project Finance, and fully supported by a worldwide network of strongholds for project development & asset management. The generated power will be sold to Marubeni Power Retail Corporation to utilize its in power retail business. 2020 IR Notice of Resolution of the 96th Ordinary General Meeting of Shareholders has been uploaded. Marubeni has built an optimum IPP/IWPP asset-portfolio in a diverse range of fields and across many regions of the world, most of which are guaranteed under long-term PPA contracts which provide a stable profit foundation. Jul. 19. Marubeni promotes community-based power businesses in regions of Africa that do not yet have access to electricity through our business with WASSHA Inc, a company which uses solar panels and chargeable lanterns to supply portable power to various regions of Tanzania, where roughly 76% of the population is still without access to electricity. Jun. As such, our strategy encompasses acquisition of established power generation portfolios or single assets, and late stage development opportunities. Moving forward, we will expand a multitude of power and service businesses that will assist in the development of regional societies.1 We will cut our net generation capacity of coal-fired power generation (approximately 3GW at the end of FY2018) in half by 2030.2 Renewable energy power generation currently accounts for approximately 10% of our net generation capacity. Since our foundation in 1985, we have developed along with Marubeni Corporation. The Company sells gasoline, diesel, lubricating oil, fuel oil, and other petroleum products. Furthermore, in 2000 when the Japanese domestic power retail market became deregulated, Marubeni established Marubeni Power Retail Corporation as a PPS (Power Producer and Supplier) and entered the market.
Furthermore, as we have become aware of growing interest in the idea of energy autonomy through renewable energy and de-centralized power sources, we have established Marubeni Ina Mirai Denki Corporation, a new company in Ina City, Nagano, Japan, which provides lifestyle services centered on power retailing and local needs.
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