Japanese utility Chubu Electric has invested ₹13.5 billion in Continuum Green Energy, strengthening the developer’s expansion plans across solar, wind, hybrid and storage projects in India.
Continuum Green Energy Limited has entered into definitive agreements with Japan’s Chubu Electric Power Company for an investment of ₹13.5 billion through a combination of primary share subscription and secondary equity acquisition.
Subject to regulatory approvals, including clearance from the Competition Commission of India, the investment will support Continuum’s ongoing capacity expansion, strengthen its balance sheet, and fund new renewable energy projects across India.
With the transaction, Chubu Electric joins Just Climate as a key institutional shareholder in the company. Continuum currently serves more than 180 commercial and industrial customers and manages a renewable energy portfolio of approximately 4.7 GWp, including operational, under-construction and development-stage assets.