Goldman Affiliate JRE to Invest in Biomass Power, Nikkei Reports

(Bloomberg) — Japan Renewable Energy Co., an affiliate of
Goldman Sachs Group Inc., will invest in biomass energy through
the acquisition of Eco Green Co., the Nikkei newspaper reported

Japan Renewable Energy will invest more than 1 billion yen
($8 million) to build biomass power stations as early as this
year, the paper said without attribution.

JRE will buy Eco Green, a Tokyo-based Japanese biomass
company, for hundreds of millions of yen, Nikkei reported.

JRE is a developer of solar and wind projects in Japan.

To contact the reporter on this story:
Chisaki Watanabe in Tokyo at

To contact the editors responsible for this story:
Reed Landberg at
Abhay Singh, Claudia Carpenter

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us