Bank of Tokyo-Mitsubishi UFJ announced that it has established a new company to manage a fund of up to 300 billion yen to invest in the renewable energy business.
Bank of Tokyo-Mitsubishi UFJ announced at a press conference on the 1st with Osaka Gas and NTT Anoden Energy, a subsidiary of NTT's power generation business, that it has jointly established a new company to manage investment funds.
The new fund's main purpose is to invest in the domestic renewable energy business, which is in increasing demand for decarbonization.
In addition to investing in and financing power generation companies such as solar and wind power, we also plan to sell the power generated by these companies.
Banks themselves also use this kind of electricity with the aim of increasing the ratio of renewable energy and decarbonizing it.
We are also soliciting investment from local banks and non-life insurance companies in the fund, aiming for a maximum of 300 billion yen.
At a press conference, Bank of Tokyo-Mitsubishi UFJ's Junichi Hanzawa said, "Through the fund, we will be involved in everything from the production of renewable energy to the use of it. We will bring together companies across industries and expand the use of renewable energy. I want to. "