Toshiba Corp. is in talks with General Electric Co. of the United States to jointly produce equipment used in offshore wind power generation, sources with knowledge of the matter said Monday.
Offshore wind power is seen by Toshiba as a promising business area as the Japanese infrastructure conglomerate seeks to focus more on renewable energy. The two firms are expected to reach a tie-up next month, the sources said.
The talks have centered on the potential joint production of nacelles, key equipment that houses a generator and other components of a wind turbine. The companies are also considering expanding the scope to other equipment as well as maintenance and operation services.