Toshiba Plans To Build Supply Chain For Offshore Wind Turbines In Japan: Report
Portfolio Pulse from Nabaparna Bhattacharya
Toshiba Corp. (OTC:TOSBF) and General Electric Company (NYSE:GE) are planning to establish a supply chain for offshore wind power equipment in Japan. The partners will develop components for production, targeting 2026 for domestic production of wind turbines. Orders for a project in Akita prefecture are expected to start as early as 2028.
July 17, 2023 | 12:15 pm
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General Electric's partnership with Toshiba to establish a supply chain for offshore wind power equipment could strengthen its presence in the Japanese market.
The partnership with Toshiba and the establishment of a supply chain for offshore wind power equipment could potentially increase General Electric's market share in the Japanese renewable energy sector.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Toshiba's partnership with GE to establish a supply chain for offshore wind power equipment could boost its position in the renewable energy market.
The partnership with GE and the establishment of a supply chain for offshore wind power equipment could potentially increase Toshiba's market share in the renewable energy sector.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80