Japanese investor Mitsubishi HC Capital has agreed to buy a 20% stake in Danish wind and power-to-X developer European Energy for €700m.
Knud Erik Andersen, chief executive and co-founder of European Energy, said the investment would help accelerate the developer’s overseas expansion: “Their strategic focus aligns perfectly with our current strategy and goal of expanding European Energy’s impact in the fight against climate change. The capital injection more than triples our equity, offering us increased opportunities to accelerate our business.”
Takuji Naruse, managing executive officer and head of environment and energy business division at Mitsubishi HC Capital, said: “Mitsubishi HC Capital finds significant growth potential in European Energy and room to create synergies. Mitsubishi HC Capital by leveraging our expertise and strengths in the market will work together with European Energy to realise value creation and decarbonisation.”