HD Renewable Energy's (TPE:6873) board approved an incremental investment of up to 5.9 billion yen in its Japanese unit, HD Renewable Energy Japan, and the Helios 1 Godo Kaisha energy storage project.
The move aims to expand the company's presence in the overseas energy storage market, according to a Monday Taiwan Exchange filing.
The company will fully acquire its subsidiary and secure a 60% stake in Helios 1, it said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.