The SoftBank Group has decided to sell most of the shares of a subsidiary engaged in the solar power generation business established by President Masayoshi Son in the wake of the Great East Japan Earthquake to Toyota Tsusho, a major trading company.
According to the announcement, the SoftBank Group has agreed to sell 85% of the shares of SB Energy, a subsidiary that handles solar power generation projects, to major trading company Toyota Tsusho.
SB Energy is a subsidiary established by President Masayoshi Son in the wake of the Great East Japan Earthquake in March 2011. It builds and operates large-scale photovoltaic power plants called "mega solar" throughout the country with the aim of popularizing renewable energy. has been proceeding.
However, by selling the majority of the shares, it will withdraw from the group's proactive management so far.
The sale price is expected to be several tens of billions of yen.
Son commented, "I am delighted to be able to push the promotion of renewable energy to the next stage."
On the other hand, Toyota Tsusho is focusing on the wind power generation business, and by making SB Energy a subsidiary, it will become one of the largest renewable energy power generation companies in Japan.