Accura has advised Sumitomo Corporation, one of the world’s largest trading and investment companies, on its proposed acquisition of shares in a portfolio of companies from Skovgaard Energy and forming a strategic joint venture with Skovgaard Energy, a Danish renewable energy group currently developing the world’s first dynamic Power-to-X plant.
Subject to completion occurring, the intention is that Sumitomo Corporation and Skovgaard Energy will work together to develop biogas and Power-to-X projects in Denmark.
Accura and Ashurst acted as co-counsel to Sumitomo Corporation.
