Japan Wind Development raises $44.6m to fund expansion

JAPAN: Japan's largest independent wind farm developer, Japan Wind Development, has raised about JPY 4 billion ($44.6 million) of new equity by issuing new shares.

JWD: expansion plans
JWD: expansion plans

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It will use the funds to expand its domestic and overseas operations. The company also says it is establishing two new subsidiaries, which will build and operate a 40 MW wind farm near Matsumae in Hokkaido, and a 10 MW wind farm near Rokkasho in Aomori Prefecture. It has not yet elaborated on its overseas development plans.




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