Acquisition of Equity Interests in Renewables Joint Venture Company in Mexico

Source Press Release
Company Tokyo GasENGIE 
Tags Corporate Deals, Deals, Renewable Energy, Power
Date December 12, 2019

Tokyo Gas America Ltd., a wholly owned subsidiary of Tokyo Gas Co., Ltd. ("Tokyo Gas") has acquired through its affiliate 50% equity interests in Heolios EnTG S.A.P.I. de C.V. ("Heolios EnTG"), a joint venture company established between ENGIE and Tokyo Gas to collaboratively construct, own, and operate renewable assets in Mexico. Tokyo Gas has also dispatched secondees to Heolios in order to take part in the development and the oversight of the projects. For Tokyo Gas, this is the first business of forming a renewables platform with a global partner and to invest in renewable projects in markets outside of Japan.

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