Cabot Corporation has paid an undisclosed sum to Shoko Co., Ltd. for the Chiba solar farm.
The solar farm was purchased near Cabot’s carbon black manufacturing site in Chiba, Japan. It will allow Cabot to export solar power as renewable energy to the region’s electrical grid.
The Chiba solar farm generates up to 3,500 megawatt-hours (MWh) of electricity per year, which is enough to power approximately 700 Japanese houses.
This acquisition increased CBT’s energy ratio, or the quantity of energy exported versus imported, to 233%, a significant step toward Cabot’s overall energy objective of 2025.
Cabot Corporation (NYSE: CBT) has paid an undisclosed sum to Shoko Co., Ltd. for the Chiba solar farm.
The solar farm was purchased near Cabot’s carbon black manufacturing site in Chiba, Japan. It will allow Cabot to export solar power as renewable energy to the region’s electrical grid.
The Chiba solar farm generates up to 3,500 megawatt-hours (MWh) of electricity per year, which is enough to power approximately 700 Japanese houses.
This acquisition increased CBT’s energy ratio, or the quantity of energy exported versus imported, to 233%, a significant step toward Cabot’s overall energy objective of 2025.
