J-POWER expands U.S. solar investments, extends stock compensation plan

Electric Power Development Co., Ltd. (J-POWER) [TSE:9513] announced on June 26 its decision to significantly expand its investments in U.S. solar power generation through its subsidiaries, J-POWER Charger Capital, LLC and J-POWER Charger Partners, LLC, facilitated by J-POWER USA Investment Co., Ltd. The initial investment amounts for these subsidiaries are USD 260 million and USD 270 million respectively, with both investments scheduled to increase incrementally by 2027. This move aligns with J-POWER’s "Mid-Term Management Plan 2024-2026" to focus on carbon-neutral assets.