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Landmark joint venture to provide solar energy solutions across Asia-Pacific region
Japan-based ENEOS Corporation and TotalEnergies have embarked on a joint venture to develop a range of B2B solar energy solutions across multiple countries.
Lauren Croft
Firm: Norton Rose Fulbright (ENEOS)
Value: Undisclosed
Area: M&A, energy
Key players: The NRF international M&A team was led by Sydney-based energy partner Shamim Razavi and Hong Kong-based competition partner Marc Waha and supported by special counsel Fridoun Chee, senior associates Vanda Kaonang and Nicolas Cassauba and associates Tadahiro Suzuki and William McCaughan. The team advised ENEOS on all legal aspects of an innovative partnership structure.
Deal significance: The joint venture will provide solar energy solutions on business sites and facilities to generate renewable energy onsite, while reducing costs and helping meet their customers’ sustainable development goals.
The ENEOS and TotalEnergies partnership plans to develop around 2 gigawatts of additional capacity within the next five years across Japan, India, Thailand, Vietnam, Philippines, Cambodia, Singapore, Malaysia and other countries in the Asia-Pacific region.
This joint venture is a landmark deal for ENEOS in its focus on sustainable development and places the Japanese energy powerhouse at the forefront and cutting edge of renewable energy transition.
Commenting on the deal, Mr Razavi stated: “The ENEOS and TotalEnergies joint venture will provide companies in Asia with a competitive and cost-reducing solution to low-carbon energy to support them through the global energy transition.
“This is ENEOS’ first overseas distributed renewable generation project and we are pleased to have assisted in its growth with this partnership, placing ENEOS at the forefront of the energy transition.”
Lauren Croft
Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.
