SB Energy, a renewable energy unit of Japanese telecommunications SoftBank, and Mitsui & Co are set to partner with Green Power Investment to set up a 48MW wind farm in Japan.
The proposed wind power facility in Shimane prefecture, western Japan, will consist of 29 1.67MW turbines.
Construction of the wind farm, which will commence in June 2013, is expected to become operational by March 2016.
The financial terms of the transaction were not disclosed for the wind project, which is the first wind project for SB Energy.
Green Power noted that SB Energy holds 47.8% stake in Green Power, while the remaining stake is owned by Mitsubishi, and Development Bank of Japan.