Sojitz Corporation

Kyushu Electric Power Co., Inc. will acquire an indirect 11.1% equity stake in the Birdsboro Power Plant, a 488 MW natural gas-fired combined-cycle power plant under construction in Pennsylvania, USA, from Sojitz Group. The plant is expected to start commercial operation in 2019.

Stratosphere Quality, a quality assurance and outsourcing services provider, was acquired by Sojitz Corporation (majority shareholder) and Green Tec Corporation. Founder Steve Cage will remain on the advisory board.

Tokyo-based Sojitz Corp. acquired a 33.33% equity stake in Birdsboro Power LLC, which is building a $600 million combined-cycle natural gas power plant in Birdsboro, Pennsylvania. The plant will have a total output of 488 MW and is scheduled for completion by mid-2019.

Japanese trading group Sojitz Corporation has signed an agreement to acquire 100% of the shares in German chemical distributor Solvadis from Special Situations Venture Partners 2, a fund advised by Orlando Management AG.