Mitsui’s investment in the project by ReNew, an Indian renewable energy company, comes six months after the government-owned Solar Energy Corporation of India (SECI) signed a round-the-clock (RTC) power purchase agreement (PPA) to procure 400MW from its multiple sites. The multi-state project will have a total of 1,300MW of renewable energy from three wind farms […]
Mitsui to invest in ReNew Power’s project – EQ Mag Pro
ReNew Power renewable energy project provide 400 MW of electricity to state-owned electricity and help meet India’s climate change goals, companies say. ReNew Power and Japan’s Mitsui have signed an agreement that will have the Japanese company invest in a round-the-clock renewable energy project the Indian company is developing. The project will set up three […]
Participation in Global Renewable Energy Company, Mainstream Renewable Power – EQ Mag Pro
Mitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo, President and CEO: Kenichi Hori) has agreed with Aker Horizons ASA (“Aker Horizons”), to participate in its subsidiary Mainstream Renewable Power Limited (“Mainstream”), which is a renewable energy company. Mitsui will, by way of share subscription, acquire a 27.5% equity stake in the holding company of Mainstream, […]
Mitsui Invests in PRESPL; India’s Leading Biomass Supply-Chain Management Company
Mitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo, President and CEO: Kenichi Hori) announced today that it will invest INR300 million (approximately USD4.1 million) in Punjab Renewable Energy Systems Pvt. Ltd. (“PRESPL”), one of the leading biomass supply-chain management companies in India. PRESPL is involved in the collection, storage and processing of agricultural residues and […]
Japan’s Mitsui, Local Partner Plan 115-MW Philippine Solar Project
Japanese trader Mitsui & Co (TYO:8031) and independent power producer Global Business Power Corp will jointly develop a 115-MW solar project in the Philippines. The JPY-7-billion (USD 64m/EUR 53m) solar project is Mitsui’s first in Southeast Asia and the Japanese trading house will cover 40% of the total cost, says a report by Nikkei Asia. […]
Engie, Mitsui sell 75% of renewable energy trust to Infrastructure Capital Group
Terms of the deal were not disclosed but a person familiar with the transaction said the stake was sold for A$400 million ($287 million). Engie SA and Mitsui & Co have sold a 75% stake in their newly established Australian Renewable Energy Trust to Infrastructure Capital Group (ICG) to help speed up growth in their […]
