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Japan

Japan

Government lists company with wind development business on Tokyo exchange

The Japanese government has listed its Electric Power Development Company (EPDC) -- which owns the second largest wind project portfolio in Japan -- on the Tokyo stock exchange and sold its shares in the company, as have the nine local utility shareholders, Tokyo Electric Power among them. It is the nation's largest initial public offering in six years, with the ´375 billion ($3.4 billion) raised from the sale to be used to cut public debt. EPDC, also known as J-Power, has eight wind projects in Japan with a combined capacity of 144 MW, including those under construction. It also owns a 64 MW wind farm in Spain.

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