An announcement from RENOVA ( (JP:9519) ) is now available.
RENOVA has signed finance-related agreements for its storage battery business, which includes three power storage facilities with a total capacity of 215MW in Japan. This initiative is part of RENOVA’s strategy to enhance grid stability and increase the share of renewable energy in the power mix. The financial impact of this agreement on the fiscal year ending March 31, 2025, is expected to be minimal, as the business development fee has already been accounted for in the financial forecast. RENOVA also has the option to increase its equity stake in the storage facility operator, potentially enhancing its influence and corporate value.
More about RENOVA
RENOVA, Inc. is a company focused on creating green and sustainable energy systems. It operates in the renewable energy sector, utilizing resources such as solar, biomass, and wind power. RENOVA is expanding its business to include storage battery operations to support decarbonization efforts.
YTD Price Performance: -7.13%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $411M
For an in-depth examination of 9519 stock, go to TipRanks’ Stock Analysis page.