MC is building businesses across the entire value chain in the solar power generation field, extending from the procurement of raw materials to the sale of solar cells and modules*, and power generation itself.
In March 2009, MC agreed to acquire a stake in a solar photovoltaic project developed by Spain-based ACCIONA S.A. ("ACCIONA"), one of the world's largest renewable energy companies. The first project is a 45.8 megawatt power station project in Moura, Portugal, that will have the world's largest solar photovoltaic generation capacity.

MC is developing a bio-pellet manufacturing and sales business through two companies established in Japan: Forest Energy Hita Co., Ltd. in Oita Prefecture, and Forest Energy Kadogawa Co., Ltd. in Miyazaki Prefecture. Both companies boast the largest production capacity in Japan, and their products are sold mainly as an alternative fuel to coal. Overseas, MC is participating in the management of Vis Nova Trading GmbH (VNT), a major German bio-pellet manufacturing and sales company, signaling its full-scale entry into the European market, where demand growth is expected.

MC has teamed up with The Sumitomo Trust and Banking Co., Ltd., Nippon Life Insurance Company, and Development Bank of Japan Inc. to invest in Green Power Investment Corporation, which has established a ¥20 billion private investment fund in the Netherlands to develop wind energy projects globally. Contributions will be made successively over the next 5 years with the goal of achieving a combined generation capacity from wind power of 1,000 megawatt.