On November 7th 2016, Eurus Energy Holdings Corporation, a leading Japanese renewable energy company, and YARD ENERGY, a Dutch-based developer of wind energy projects, jointly announced the completion of the acquisition by Eurus of nine operational wind farms located in the Netherlands, with a combined capacity of 72.5 MW, developed and managed by YARD. The two companies have also agreed to expand their collaboration for the development and realization of new wind projects.
This is the second successful transaction between Eurus and YARD in a month, following another acquisition by Eurus of two wind projects in Finland, bringing the total acquisitions to 100 MW. Kevin Dijkers, CEO of YARD said: “Both parties have the same ambitions to support the ongoing transition towards renewable energy. This transaction and a long-term collaboration between our companies paves the way to a successful partnership between Eurus Energy and YARD ENERGY leading to bringing many more megawatts online in the coming years.”
The nine wind farms are the first projects for Eurus in the Netherlands, where Eurus maintains its European head office. The Dutch government has set a target to reach 6 GW of onshore wind capacity by 2023 as part of their efforts towards a fully sustainable energy supply. Hideyuki Inazumi, President and CEO of Eurus, said: “I am convinced that our partnership with YARD ENERGY, with their vast capabilities in project development, will enable us to grow our European business to the next level. In particular, we see a large potential in the Netherlands, where renewable energy is strongly supported by the society as a whole.”
Wind Minds congratulates Eurus and YARD with the deal and is proud to be part of the technical due diligence team that made this transaction possible.