Mitsubishi HC Capital Inc. has acquired a 20% stake in European Energy A/S, with approval from relevant authorities. The transaction, which also involved Mitsubishi HC Capital purchasing approximately 2.8 million shares from European Energy’s major shareholders, has been completed. European Energy carried out a capital increase, issuing 72,383,854 new shares valued at DKK 1 each, resulting in proceeds of approximately €700 million. Keiro Tamate, Deputy Managing Director at Mitsubishi HC Capital, has been appointed to European Energy’s Board of Directors, enhancing collaboration between the two entities. This strategic partnership will triple European Energy’s equity, amplifying its impact in the green energy transition with the support of Mitsubishi HC Capital’s international presence and strategic expertise.
European Energy triples equity with strategic partnership
European Energy has seen equity infusion of €700 million through a strategic partnership with Mitsubishi HC Capital. (Image Credit: European Energy)
Allegations include bribing Indian officials to secure renewable energy projects worth $6 billion. (Image Credit/Source: Kelly/Pexels)
NTPC prioritizes solar over wind, limiting wind and battery projects to 10% of its renewable portfolio. (Image Credit/Source: Kelly/Pexels)
Scatec retains 13% and 12% stakes in Kalkbult, Linde, and Dreunberg solar plants after the sale to STANLIB. (Image Source: Scatec)
The financing partnership between RIC Energy and Rosemawr will fund interconnection deposits for up to 450 MW of renewable projects in NY. (Image Source: RIC Energy)