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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.

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