Japan’s LNG developer and stakeholder, Inpex, has decided to set up renewable energy and power business unit starting October 1.
The establishment of a new company unit is in line with its growth targets and will enable it to carry out the renewable energy initiatives, Inpex said on Monday.
The company is currently engaged in geothermal and photovoltaic power generation projects, technological development concerning a variety of renewable energies and studies on other power generation businesses.
In order to further strengthen these business initiatives from a medium- to long-term perspective and pursue business development opportunities, the company will reestablish the existing new business planning unit as a new and independent organization, renaming it the renewable energy & power business unit.
The new business planning unit, currently a subdivision of the corporate strategy & planning division, will be transformed into a standalone organization and renamed the renewable energy & power business unit.