Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

Japan

Japan

Macquarie buys RES Japan

JAPAN: Australian investment firm Macquarie Capital has acquired the Japansese business unit of UK developer RES Group.

RES has developed or built over 12GW of renewable energy capacity worldwide
RES has developed or built over 12GW of renewable energy capacity worldwide

Macquarie's new Japanese subsidiary will be renamed Acacia Renewables and will develop the current firm's portfolio of onshore wind.

RES Group will continue to offer advisory and technical services to Acacia.

"Macquarie is one of the world's largest investors in infrastructure and renewable energy, and we are confident that with Macquarie's support and the in house expertise of the Acacia Renewables team, the business will continue to grow into a leading renewable energy company in Japan," said Acacia CEO David Povall.

According to the RES Group website, its portfolio in Japan comprises just one 19.95MW project in Akita, northwest Japan.

The deal follows Macquarie's acquisition of the UK's Green Investment Bank in April for €2.75 billion.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Monthly Events

Latest Jobs