J-Power signs solar VPPA for Tokyo Metro in Japan
Sep 18, 2024 15:26 CESTDanish solar investment firm Obton A/S on Monday said it has expanded its footprint in Japan via the DKK-2-billion (USD 290m/EUR 268m) acquisition of Japanese renewables developer and operator BCPG.
The deal involves an “extensive pipeline” of solar projects in Japan.
"We have really taken a significant step up in our presence in Japan with this aggressive acquisition. In addition to gaining a highly competent and local staff, we are also acquiring an attractive pipeline of new energy projects," said Mikkel Berthelsen, chief acquisition officer at Obton.
According to the announcement, Obton currently has 400 MW of solar in operation in Japan, which places it among the top ten operators in the market. It expects to reach 1 GW of solar capacity within the next five years.
Obton recently announced a joint venture with GSSG Solar LLC to acquire a 117-MW solar portfolio in Japan.
In December 2023, Thai renewable energy group BCPG Pcl (BKK:BCPG) announced a transaction to sell its Japanese unit and its 117-MW solar portfolio in the country to Obton.
(DKK 1 = USD 0.145/EUR 0.134)
J-Power signs solar VPPA for Tokyo Metro in Japan
Sep 18, 2024 15:26 CESTAsahi Kaisei, De Nora form partnership for small-scale electrolysers
Sep 16, 2024 11:11 CESTJapanese consortium to study floating vertical axis wind turbines
Sep 11, 2024 15:57 CESTJapan's Renova postpones operation start for 75-MW biomass plant again
Sep 09, 2024 8:56 CESTWeekly renewables M&A round-up (Sept 2-6)
Sep 06, 2024 17:52 CESTEurus breaks ground on 43-MW wind project in Japan's Aomori
Sep 02, 2024 15:37 CEST