ENEOS enters into B2B solar generation joint venture with TotalEnergies – Lawyers Weekly
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Global law firm Norton Rose Fulbright has advised Japan-based ENEOS Corporation on its joint venture with TotalEnergies to develop onsite B2B solar distributed generation across Asia.
Firm: Norton Rose Fulbright (ENEOS)
Deal: The joint venture between ENEOS and TotalEnergies will provide, NRF said in a statement, solar energy solutions on business sites and facilities to generate renewable energy onsite, while reducing costs and helping meet their customers’ sustainable development goals.
“The ENEOS and TotalEnergies partnership plans to develop around 2 gigawatts of additional capacity within the next five years across Japan, India, Thailand, Vietnam, Philippines, Cambodia, Singapore, Malaysia and other countries in Asia Pacific,” NRF noted.
Area: Energy and resources
Value: N/A
Key players: The NRF team was led by partners Shamim Razavi and Marc Waha, who were supported by special counsel Fridoun Chee (Sydney), senior associates Vanda Kaonang (Jakarta) and Nicolas Cassauba (Hong Kong) and associates Tadahiro Suzuki (Sydney) and William McCaughan (Sydney).
Deal significance: The joint venture is a “landmark deal” for ENEOS, NRF said in a statement, in its focus on sustainable development and places the Japanese energy powerhouse at the forefront and cutting edge of renewable energy transition.
Mr Razavi said: “The ENEOS and TotalEnergies joint venture will provide companies in Asia with a competitive and cost-reducing solution to low-carbon energy to support them through the global energy transition.
“This is ENEOS’ first overseas distributed renewable generation project and we are pleased to have assisted in its growth with this partnership, placing ENEOS at the forefront of the energy transition.”
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