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Japan’s Infroneer buys $1.3bn developer from Bain

RICHARD HEAP

December 12, 2023

Japanese engineering group Infroneer is buying developer Japan Wind Development from US private equity firm Bain Capital for around $1.36bn.

JWD has developed 3.3GW of wind farms and is also involved in project maintenance. Infroneer plans to use the acquisition to expand its construction and maintenance business in the wind sector in Japan.

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