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Fuyo General Lease Co., Ltd. ( (JP:8424) ) has issued an update.
Penta-Ocean Construction Co., Ltd. and Fuyo General Lease Co., Ltd. have announced a joint venture to own two large work vessels for offshore wind construction in Japan, signaling a significant step towards supporting the country’s renewable energy goals. This collaboration is expected to enhance the efficiency and safety of offshore wind power construction, promoting the spread of offshore wind power through cost-effective methods.
More about Fuyo General Lease Co., Ltd.
Fuyo General Lease Co., Ltd. is a company actively engaged in renewable energy projects, focusing on ‘Energy and the Environment Business’ as part of their medium-term management plan, ‘Fuyo Shared Value 2026.’ They are committed to supporting the advancement of a decarbonized society by promoting offshore wind power generation. Penta-Ocean Construction Co., Ltd. is focused on advancing offshore wind facilities and net-zero energy buildings, reinforcing their fleet of large work vessels to expand offshore wind power in Japan.
YTD Price Performance: -2.39%
Average Trading Volume: 39,269
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen335.6B
See more insights into 8424 stock on TipRanks’ Stock Analysis page.
