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Daiwa Energy to buy 40% of Aquila Capital

Solar park in Japan. Author: Minoru Karamatsu. License: Creative Commons.

December 6 (Renewables Now) - Daiwa Energy & Infrastructure Co Ltd, a unit of Japan’s Daiwa Securities Group Inc (TYO:8601), on Thursday announced plans to take a 40% stake in Hamburg-based investor Aquila Capital Holding GmbH for an undisclosed amount.

Aquila Capital manages around EUR 9.5 billion (USD 10.5bn) for investors in Europe and Asia. To date, it has invested in over 4.2 GW of renewable energy capacity and 1.3 million sq m of real estate in Europe.

As part of the strategic partnership between the two companies, Aquila Capital's founders, Roman Rosslenbroich and Dieter Rentsch, will continue to hold a majority stake and will remain at the company's helm.

Aquila Capital said the partnership will allow it to strengthen its position for real asset investments in Europe and take advantage of investment opportunities in the Asia-Pacific region.

"Through the future collaboration, we will aim at accelerating our business in Europe, with a huge market opportunity in the renewable energy field, learning from the sophisticated PPA markets not depending on grants and public support from the respective government," said Morimasa Matsuda, president of Daiwa Energy & Infrastructure. He added that demand for sustainable real asset investments is growing globally and particularly in Japan and Asia, opening up additional opportunities for Aquila.

Aquila Capital and Daiwa have partnered in solar investments in Japan in the past.

Moelis & Company and Berkshire Global Advisors advised Aquila on the financial aspects of the deal, while Heuking Kühn Lüer Wojtek and Clifford Chance were the company's legal advisers. CMS Hasche Sigle was Daiwa's legal adviser.

(EUR 1.0 = USD 1.1)

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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