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Chubu Electric Gains CCI Approval for Stake in Continuum Green Energy
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News18•29-09-2026, 20:15
Chubu Electric Gains CCI Approval for Stake in Continuum Green Energy
- •Japan's Chubu Electric Power Company received approval from the Competition Commission of India (CCI) to acquire a stake in Continuum Green Energy.
- •Chubu Electric Power Company Netherlands BV, a subsidiary of Chubu Electric, will acquire equity shares through primary subscription and secondary purchase.
- •Continuum Green Energy specializes in generating and selling power from renewable sources like wind and solar in India.
- •Chubu Electric Power Company, based in Japan, is involved in the generation, distribution, and transmission of various power sources, including solar, wind, and nuclear.
- •The investment by Chubu Electric Power in Continuum Green Energy is valued at approximately 23 billion yen (Rs 1,350 crore).
Key Questions Answered
The Competition Commission of India cleared the proposal for Chubu Electric Power Company Netherlands BV to acquire a stake in Continuum Green Energy Limited through primary subscription and secondary purchase.
In June, Chubu Electric Power entered into agreements to invest approximately 23 billion yen, which is about Rs 1,350 crore, in Continuum Green Energy.
Continuum Green Energy and its subsidiaries in India generate and sell power from renewable sources like wind and solar, supplying electricity to India's commercial and industrial sector via corporate power purchase agreements.
