Mitsubishi HC Capital Inc. (“Mitsubishi HC Capital”) announced earlier today that they are investing approximately EUR 700m in European Energy A/S (“European Energy”). With the investment, Mitsubishi HC Capital will acquire 20% of the outstanding shares and voting rights in European Energy, and they will become a strategic partner for European Energy.
European Energy develops and operates renewable and next generation energy businesses involving the entire value chain. The company is a leading developer of renewable energy in Europe with projects having achieved more than accumulated 3GW of renewable energy development and has more than 60GW of development and construction pipelines in Europe. European Energy is also a pioneering player in Power-to-X innovation.
European Energy is a Danish company and was formed in 2004. Today, European Energy has active projects in 28 countries and more than 550 employees.
Mitsubishi HC Capital is a global player within several business segments, including environment and energy, and is one of the leading players of renewable energy in Japan. Since 2017, Mitsubishi HC Capital has also invested in renewables in Europe and North America. With the investment in European Energy, Mitsubishi HC Capital will enhance and extend its environment and energy business in Europe, where innovative projects on decarbonisation are taking place, and the demand for green energy is anticipated to grow considerably.
Accura acted as legal advisor to Mitsubishi HC Capital in connection with the investment.