ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
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 ©2025 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Latest Release
Mitsubishi Motors Launches the All-New Eclipse Cross Electric Vehicle for the European Market
Sep 19, 2025 00:58 JST
Mitsubishi Motors to Begin Sales of All-New Delica Mini and eK Space in Japan in October
Sep 19, 2025 00:50 JST
Upgraded GR Corolla Set for Japan Launch
Sep 19, 2025 00:48 JST
Honda Koraidon Ride on Experience and Onboard Showrun to be Held at Honda Collection Hall
Sep 19, 2025 00:42 JST
Mitsubishi Motors Increases Investment Stake in Australian Automotive Financial Services Company to 19.93%
Sep 19, 2025 00:27 JST
MHI Is Awarded Contract for 20 Units of the Outer Vertical Target for the Divertor Used in the ITER in Southern France
Sep 19, 2025 00:16 JST
NTT and Mitsubishi Heavy Industries Achieved World's Highest Efficiency in Laser Wireless Power Transmission under Atmospheric Turbulence
Sep 19, 2025 00:00 JST
Definitive agreement to implement a joint mine plan between Los Bronces and Andina copper mines
Sep 17, 2025 18:57 JST
Anti-MTBR (microtubule binding region) Tau Antibody Etalanetug Granted FDA Fast Track Designation
Sep 17, 2025 18:20 JST
Honda Announces New Electric Motorcycle "Honda WN7" in Europe
Sep 17, 2025 17:46 JST
EASD 2025 | HighTide Therapeutics Announces Oral Presentation of Phase 3 Data in Patients with Type 2 Diabetes
Sep 17, 2025 09:00 JST
Honda Develops New "Chemical Sorting" Technology to Separate Solid Contaminants from Waste Plastics Derived from End-of-life Automobiles
Sep 16, 2025 15:00 JST
NEC Publishes ESG Initiatives Supporting Sustainable Growth of Companies and Society in "ESG Databook 2025"
Sep 16, 2025 14:00 JST
JSR Corporation/Inpria Corporation and Lam Research Enter Cross Licensing and Collaboration Agreement to Advance Semiconductor Manufacturing
Sep 16, 2025 09:00 JST
Toyota Launches Next-Generation New Mobility e-Palette
Sep 15, 2025 15:33 JST
The University of Osaka D3 Center Commences Operation of New Computing and Data Infrastructure Built by NEC
Sep 12, 2025 15:08 JST
GR Yaris "Aero performance package" Set for Japan Launch
Sep 12, 2025 14:40 JST
Mitsubishi Heavy Industries Achieves Target Performance at Pilot Plant for Bioethanol Membrane Dehydration Systems
Sep 12, 2025 14:19 JST
"New Answers to Dementia" Eisai Releases Concept Movie and New Content on Campaign Website for Dementia Month
Sep 12, 2025 13:20 JST
TANAKA PRECIOUS METAL TECHNOLOGIES Succeeds in Developing High-Performance Palladium Alloy Hydrogen Permeable Membrane Operable in the Low-Temperature Range of 300 degrees C
Sep 12, 2025 11:00 JST
More Latest Release >>
Related Release
Definitive agreement to implement a joint mine plan between Los Bronces and Andina copper mines
9/17/2025 6:57:00 PM JST
Mitsubishi Corporation Invests in Commonwealth Fusion Systems, a US Fusion Energy Start-up from MIT
9/2/2025 12:50:00 PM JST
Result of the Business Plan Review for the Offshore Wind Power Generation Projects in Japan
8/27/2025 10:27:00 PM JST
Mitsubishi Corporation Invests in Fullerton Health
8/26/2025 12:54:00 PM JST
Mitsubishi Corporation to acquire shares in Copper World copper mine project in the US
8/14/2025 12:05:00 PM JST
First Shipment of LNG from the LNG Canada Project
7/1/2025 11:00:00 AM JST
Mitsubishi Corporation to Invest and Enter into a Business Partnership with DEScycle Ltd., a UK Company Developing Innovative Metal Recycling Technology
6/2/2025 2:35:00 PM JST
Mitsubishi Corporation Establishes New Corporate Venture Capital Company
5/30/2025 6:36:00 PM JST
Mitsubishi Corporation makes DennoKotsu an equity-method affiliate company, strengthening efforts to address regional transportation challenges
4/11/2025 10:39:00 AM JST
Mitsubishi Corporation to Participate in Demonstration Project for New Hydrogen-Based Ironmaking
4/9/2025 6:22:00 PM JST
More Press release >>