Fuyo General Lease (TYO:8424) subsidiary Fuyo General Lease (USA) has teamed up with solar power generation company Nexamp to launch solar power projects in Illinois and New York, according to its Friday filing.
Fuyo Lease will finance a community solar portfolio over 350 MW, set to start operations between 2025 and 2027, primarily in Illinois.
This initiative will lower electricity costs for over 10,000 households and enhance grid resilience without increasing emissions.
Additionally, the projects will create about 3,000 jobs and support Nexamp's workforce development and fellowship programs.
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