ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Energy

Japan oil giant ENEOS to buy renewables startup for $1.7bn

JRE acquisition marks industry's shift to decarbonization amid climate threat

A JRE wind farm in Sakata, Yamagata prefecture: JRE is already developing offshore wind farms off Japan. (Source photo by AP and Ken Kobayashi)

TOKYO -- Japanese oil giant Eneos Holdings is preparing to acquire Tokyo-based Japan Renewable Energy for over 200 billion yen ($1.7 billion), Nikkei has learned, a move that shows the pressure companies are under to act on climate change and decarbonize.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more