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Marubeni Corp to Take 25% Stake in Irish Renewables Firm- Nikkei

Sunday, 4 Aug 2013 08:00pm EDT 

Nikkei reported that Marubeni Corp will acquire 25% of Irish wind power concern Mainstream Renewable Power Ltd.'s stock for EUR 100 million, or roughly JPY 13 billion. The shares will be issued to the Japanese trading house via a private placement. Mainstream Renewable Power engages in offshore and onshore wind power operations, along with solar power generation, in seven countries, including South Africa, Chile and the U.S. It handles the whole process from equipment procurement to facility construction and energy sales, boasting solid technologies across the board. 

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-1.7 -0.26%
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