Tokyo Electric Power Company Holdings, Inc. (TEPCO HD, headquartered in Tokyo) announced on August 7, 2019, that it had decided to create a separate company devoted to renewable energy generation activities by April 1, 2020.[1] On October 1, 2019, TEPCO HD officially established TEPCO Renewable Power, Inc.[2], headquartered in Tokyo. TEPCO HD launched TEPCO Renewable Power, which will specialize in developing and operating renewable energy sources, as part of TEPCO HD’s strategy to achieve its goal of generating a total of six to seven GW of renewable energy in Japan and overseas.[3]

TEPCO Renewable Power will be responsible for coordinating with Japanese and international partners to develop energy sources. By establishing this new company, TEPCO HD intends to clarify its duties and capabilities in renewable energy generation. Accordingly, TEPCO Renewable Power is expected to be able to make efficient decisions on large-scale investments and flexible financing for renewable energy projects.[4]

[1] http://www.tepco.co.jp/press/release/2019/1518330_8709.html

[2] http://www.tepco.co.jp/press/release/2019/pdf4/191001j0202.pdf

[3] http://www.tepco.co.jp/press/release/2019/1516232_8709.html

[4] http://www.tepco.co.jp/press/release/2019/1516232_8709.html