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Announced

Marubeni Europower to acquire 25MW Upper Ogmore wind farm from RES.

Synopsis

Marubeni Europower, an investor in renewable energy, developing and operating power producer projects, agreed to acquire 25MW Upper Ogmore wind farm from RES, a partner for renewable investors, asset owners, and project developers seeking renewable energy solutions. Financial terms were not disclosed. “RES has a long and proud history of developing, constructing and operating renewable energy projects in the UK, as well as around the globe. That knowledge and experience is invaluable, so we know RES has developed a good project in Wales. Marubeni plans to sign an MoU with the UK government which envisages approximately £1bn of investment in the UK with its partners over the next 10 years. This project would be one of the forefront projects to realise our ambition,” Tomoki Nishino, Marubeni Europower President & CEO.

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