Japan’s Chubu Electric Power Company has entered into agreements to invest about 23 billion yen (Rs 13.5 billion) in Continuum Green Energy Limited. The transaction is subject to regulatory approvals, following which Chubu Electric will acquire a stake in the company.
Continuum supplies renewable power to commercial and industrial consumers in India through corporate power purchase agreements. Through the investment, Chubu Electric aims to support India’s decarbonisation efforts.