Macquarie Capital acquires renewable energy company RES Japan
Australia’s Macquarie Group has acquired 100% of renewable energy company RES Japan, giving the Australian investment bank access to a pipeline of onshore wind developments activities in Japan.
Tokyo-based RES Japan, which was a subsidiary of UK’s Renewable Energy Systems (RES) Group, will be rebranded Acacia Renewables and will continue to receive some advisory and technical support service from its parent company in UK.
Macquarie Capital declined to reveal the cost of the acquisition. The acquisition of RES Japan follows Macquarie Capital’s recent agreement to buy UK’s Green Investment Bank for £2.3 billion (US$3 billion).
Hajir Naghdy, head of Macquarie Capital, Asia and the Middle East commented:
"We are developing projects in the wind, solar, and waste and environmental services sectors in Asia, and this acquisition significantly strengthens our capabilities in Japan, and across the region."
“Macquarie has a substantial and longstanding commitment to the renewable energy and clean technology sectors. We are developing projects in the wind, solar, and waste and environmental services sectors in Asia.”
Country news
-
-
May 24, 2017
ORIX to acquire 22% ownership stake in Ormat
Ormat Technologies and ORIX Corporation has announced that ORIX will acquire an approximately US$627 million ownership stake in Ormat from FIMI ENRG Limited Partnership, FIMI ENRG, L.P., Bronicki Investments, Ltd., and senior members of management, representing in the aggregate an approximately 22.1% ownership position in Ormat.
Read more -
April 26, 2017
KKR's X-Elio closes financing for 66 MW solar in Japan
X-Elio, a spanish solar developer and operator owned by KKR & Co LP, has achieved financial close for two projects with a combined capacity of 66 MW in Miyagi, Japan.
Read more -
April 26, 2017
Project Financing signed for Japanese power plant
Japan Petroleum Exploration Co., Ltd. (JAPEX) has announced that Fukushima Gas Power Co., Ltd. (FGP) has signed a contract for a US$1.27-billion syndicated loan with Development Bank of Japan Inc. as the lead arranger on the 1,180 MW Natural Gas-fired Power Generation Project at Soma Port in Shinchi Town, Fukushima Prefecture.
Read more -
April 06, 2017
Canadian Solar secures project bond in Japan
Canadian Solar Inc. has announced completion of its second green project bond placement with Goldman Sachs Japan Co., Ltd.
Read more -
March 31, 2017
Canadian Solar Secures JPY4 Billion credit facility
Canadian Solar Inc. has announced that its wholly-owned subsidiary Canadian Solar Projects K.K. has entered into a 3-year credit agreement for JPY4 billion (US$36 million) with Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL), a member of Sumitomo Mitsui Financial Group.
Read more
