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Marubeni enter U.S. market |
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Reuters via Yahoo! Singapore News
December 6, 2007
Japan's Marubeni Corp will take a controlling stake in Oak
Creek Energy Systems Inc, a wind power developer in California, through a $21.5
million equity investment to tap into the fast-growing U.S. wind energy market. The overseas independent power-producing
business is one of the focus areas for Marubeni, Japan's fifth-biggest trading
house which currently has electric power generation capacity of a total 18.63
gigawatts in 20 nations. In countries keen to reduce emissions and dependency
on fossil fuels, wind technology is the place to invest, analysts say.
Click link or body of article for source: http://uk.reuters.com/article/oilRpt/idUKT1808520071204
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