Mitsubishi Corporation and Chubu to acquire Dutch Energy Supply Company "Eneco"

ENGLISH
|
JAPANESE
|
CONNECT WITH US:

Mar 25, 2020 17:47 JST

Source: Mitsubishi Corporation

Mitsubishi Corporation and Chubu to acquire Dutch Energy Supply Company "Eneco"

TOKYO, Mar 25, 2020 - (JCN Newswire) - In November 2019, Mitsubishi Corporation (MC) and Chubu Electric Power Co., Inc. (Chubu) were selected as the preferred buyers in a bid for the Dutch Energy Company "Eneco"(1).

Eneco's Offshore Wind Farm Project

Both MC and Chubu have since been completing the acquisition procedures, and yesterday we officially acquired all shares of Eneco through our joint venture in the Netherlands, special purpose company Diamond Chubu Europe B.V. The total value of this acquisition is 4.1 billion euros (500 billion yen).

Eneco is an integrated energy company that is actively engaged in renewable power generation projects. It also offers innovative solutions that make it easier for customers to make the switch to more sustainable and smarter energy consumption in the retail area.

By taking advantage of Eneco's technological strengths and know-how in renewable energies, MC is aiming to accelerate its own renewable developments in Europe and around the world. MC is seizing this acquisition as an opportunity to help reduce greenhouse emissions and realize its vision of simultaneously generating economic, societal and environmental value through its businesses.

By combining its accumulated expertise in the energy sector with Eneco's unique strengths, Chubu is aiming for mutually beneficial business-model evolution, through which it can create synergies in its energy operations, both in Japan and around the world.

The growth of renewable energies, which has led to a rise in small-scale decentralized energy resources, the ongoing development of storage batteries and digital technologies, are changing the face of power generation. Both MC and Chubu are excited about leveraging that growth to help improve our quality of life, proceed with low-carbon societies, and find solutions to some of the world's most serious problems.

(1) https://bit.ly/2y86XKd

Source: Mitsubishi Corporation
Sectors: Energy, Alternatives

Copyright ©2026 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Latest Release

NEC Corporation

Transgene and NEC Bio Sign License Agreement to Prepare the Next Steps of the Development of TG4050 in Head and Neck Cancer
Apr 03, 2026 12:33 JST

Hitachi, Ltd.

Hitachi Rail announces agreement to acquire Clever Devices, marking its growth as a global digital mobility player
Apr 03, 2026 11:09 JST

OMRON Corporation

OMRON Healthcare and UCSF launch AFib trial
Apr 03, 2026 00:00 JST

Denso

DENSO and FoodVentures Strengthen Collaboration through Capital Partnership in the Agricultural Sector

Apr 02, 2026 19:56 JST

Sharp Corporation

JRC, SKY Perfect JSAT, and Sharp Collaborate to Promote the Ministry of Defense's Publicly Announced Project "Development and Demonstration of Resiliency Technology for Multi-Orbit Communications Systems" Selected for JRC
Apr 02, 2026 16:01 JST

Mitsubishi Heavy Industries, Ltd.

MHIEC Completes Construction of Nanbu Relay Center for Nagasaki Prefecture's Ken'ou-Kennan Clean Authority
Apr 02, 2026 14:57 JST

Mazda

Mazda EZ-6/Mazda6e Wins 2026 World Car Design of the Year Award
Apr 02, 2026 11:47 JST

Honda Motor Co, Ltd

Honda Makes Gachaco a Consolidated Subsidiary by Subscribing to New Shares of Gachaco Issued Through Third-party Allotment

Apr 01, 2026 22:09 JST

Denso

DENSO Hosted "DENSO DIALOG DAY 2026", Delivers Mid-Term Management Plan "CORE 2030"
Apr 01, 2026 21:54 JST

Mitsubishi Heavy Industries, Ltd.

MHI President Eisaku Ito Offers Words of Encouragement to New Employees at the Company's 2026 Welcoming Ceremony
Apr 01, 2026 13:35 JST

Mitsubishi Heavy Industries, Ltd.

MHI Completes the Transfer Procedures for its Domestic Onshore Wind Power Business
Apr 01, 2026 13:26 JST

Toyota Motor Corporation

Toyota Motor Corporation aims to join Daimler Truck and Volvo Group as equal shareholder in the fuel cell joint venture cellcentric
Mar 31, 2026 23:39 JST

Honda Motor Co, Ltd

Honda Announces the Establishment of PathAhead Co., Ltd., a Startup Originated from IGNITION, a Honda New Business Creation Program
Mar 31, 2026 21:58 JST

Hitachi, Ltd.

Hitachi Digital Services Strengthens OT-IT Integration with Manufacturing Operations Management Platform
Mar 31, 2026 19:14 JST

Fujitsu and Osaka University of Health and Sport Sciences partner to innovate sports performance with skeleton recognition AI
Mar 31, 2026 17:42 JST

NTT DOCOMO

DOCOMO and SK Telecom Publish White Paper on Requirements for Advancing vRAN and AI-RAN in Mobile Networks
Mar 31, 2026 11:00 JST

NEC Corporation

NEC Supports Ooredoo Algeria in Modernizing Enterprise Network Security with high-performance next-generation firewalls (NGFW)
Mar 31, 2026 10:50 JST

Hitachi, Ltd.

MOL and Hitachi Launch Initiative to Convert Used Ships into Floating Data Centers
Mar 30, 2026 19:21 JST

Resona Holdings, BrainPad, and Fujitsu sign basic agreement for collaboration to transform financial operations with data and AI and advance next-generation data utilization
Mar 30, 2026 15:55 JST

Mitsubishi Heavy Industries, Ltd.

MHI Innovative Combustion Dynamics Laboratory is Established at Kyoto University with the Aim of Developing and Socially Implementing World-Leading Technology
Mar 30, 2026 12:53 JST

More Latest Release >>