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RENOVA Expands Ownership in Biomass Energy Subsidiary

Story Highlights
  • RENOVA focuses on renewable energy using solar, biomass, wind, and geothermal resources.
  • Acquiring more of Omaezakikou G.K. boosts RENOVA’s renewable energy market position.
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RENOVA Expands Ownership in Biomass Energy Subsidiary

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RENOVA ( (JP:9519) ) has issued an update.

RENOVA has acquired an additional equity interest in Omaezakikou Biomass Energy G.K., a biomass power generation business, increasing its ownership to 56% and making it a consolidated subsidiary. This acquisition allows RENOVA to capitalize on dividends and aligns with its mission to enhance sustainable energy systems, potentially strengthening its market position in renewable energy.

More about RENOVA

RENOVA, Inc. is a company in the renewable energy industry, focusing on power generation through solar, biomass, wind, and geothermal resources.

YTD Price Performance: -16.70%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $368M

For a thorough assessment of 9519 stock, go to TipRanks’ Stock Analysis page.

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