Japanese solar company Sylar Solar is merging with its data center sister company.
Syla, a Nasdaq-listed real estate and asset management company, announced its Sylar Solar unit is to absorb Syler Biotech.
Founded in 2013 and previously known as Japan Photovoltaic Power Generation Co., Syla Solar offers engineering, procurement, and construction services solar farms, alongside retail electricity sales.
Established in 2022, Syla Biotech sells and operates data centers – its website features containerized data center pods equipped with solar panels.
Syla Solar is the surviving company and Syla Biotech is the absorbed company. Both companies were 100 percent subsidiaries of Syla Technologies, and the surviving company remains so.
Syla Technologies, which has developed office buildings previously, said it is focusing on advancing its renewable energy business as a part of its growth strategy.
According to Biotech’s website, the company has previously installed a containerized modular data center equipped with solar panels in Yuzawa Town, Niigata Prefecture. Images on the company’s site suggest around 16 pods. The company suggested it planned to deploy a biomass power plant to power the facility.