The deal will provide the civil engineering group an avenue to expand its construction and maintenance business in the wind power sector, according to the Nikkei, as the country looks to reduce carbon emissions.
Infroneer has said it would focus on the renewable energy market as part of its medium-term business plan ending fiscal 2024, according to the Nikkei report.
The company has developed an onshore wind farm in northern Japan's Akita prefecture and sold the project to an investment fund in 2022, the Nikkei reported.
