Cabot+Corporation (NYSE: CBT) today announced that it has acquired the Chiba solar farm (八幡海岸通り発電所) from Shoko Co., Ltd. The solar farm adjoins Cabot’s carbon black manufacturing facility in Chiba, Japan and will enable Cabot to export solar power as renewable energy to the electrical grid in the region. The Chiba solar farm generates up to 3,500 megawatt-hours (MWh) per year of electricity, which is equivalent to powering over 700 homes in Japan annually. The acquisition supports the company’s sustainability strategy as the solar farm is an investment in renewable energy.
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