Eurus Energy Acquires 6 Operational Wind Projects
Amsterdam and Amersfoort, the Netherlands – 15 January 2019
Eurus Energy Group (“Eurus”), a leading Japanese renewable energy company, and YARD ENERGY Group (“YARD”), a Dutch-based developer of wind energy projects, jointly announced today that Eurus has acquired 6 operational wind farms in the Netherlands with a combined capacity of 32.18 MW (listed below) from YARD.
The 6 wind farms, consisting of 15 wind turbines in total, were developed and constructed by YARD in various parts of the Netherlands. Their combined production is sufficient for supplying renewable electricity for more than 24,000 households.
The acquisition has brought the total wind capacity of Eurus in the Netherlands to 106.48 MW. Tetsuya Suwabe, Managing Director of Eurus Energy Europe, stated: “We are glad that our Dutch business has been growing steadily, thanks to the successful partnership with YARD ENERGY. We also took over the asset management of the projects from YARD ENERGY and will maintain good operations for all stakeholders.” Kevin Dijkers, CEO of YARD, added: “Eurus Energy proved to be a very good long term partner making it possible for us to keep developing wind energy projects, being our contribution to the energy transition.”
Dentons, IX Wind and PwC respectively provided Eurus with legal, technical and tax advisory services, while Stek and Cees Advocaten advised YARD on legal matters and mth accountants & adviseurs provided tax advisory services for the transaction. Horst & van de Graaff Notarissen provided all notary services.
About Eurus Energy Group (www.eurus-europe.com):
Eurus Energy Group develops, invests in and operates renewable energy projects globally. Starting from its first project in California in 1987, Eurus now has over 2.8 GW of wind and solar power generation worldwide. Amsterdam-based Eurus Energy Europe B.V. is a wholly owned subsidiary of Eurus Energy Holdings Corporation, which is jointly owned by Toyota Tsusho Corporation and Tokyo Electric Power Company Holdings, Inc.
About YARD ENERGY Group (www.yardenergy.com):
YARD ENERGY, founded in 2004, is one of the top 3 privately owned onshore wind farm developers in the Netherlands with a development portfolio of over 300 MW with 2 windfarms, totalling 42 MW, currently under construction.
Source: Official press releaseBack to news