Bloomberg
Marubeni Corp. will pay as much as 100 million euros ($133 million) for a holding in Ireland’s Mainstream Renewable Power Ltd. and will take a 50 percent stake in a subsidiary of GDF Suez SA.
The Tokyo-based company will acquire about 25 percent in Mainstream, becoming the second-largest shareholder in the company, according to a statement today from Marubeni, Japan’s biggest power and agriculture trading company. Mainstream, set up in 2008, has developed more than 19,000 megawatts of solar, and offshore and onshore, wind projects in seven countries, according to the statement.
Marubeni also signed a strategic partnership with GDF Suez, a French power and gas utility, for half of National Power International Holdings B.V. National Power International holds GDF’s thermal and renewable power projects in Portugal.
The Japanese trading company is already partners in a floating wind turbine project off the coast of Fukushima and is working to revive the country’s geothermal industry.