This partnership between TotalEnergies and Eneos will capitalize on the strengths of both companies. TotalEnergies will leverage its expertise on this market segment and its global footprint and Eneos will use its expertise in renewables and its strong brand mainly in Japan to lower the costs of decentralized solutions offered to industrial and commercial customers, making this joint venture one of the most competitive service providers in the region.
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TotalEnergies produces and markets energies with a global portfolio of 2 GW of solar distributed generation in operation, under construction or under development. Eneos is expanding the distributed generation business with one of the largest renewable power generation capacities in Japan. Completion of the transaction is expected in the second quarter 2022 following competition clearance from the relevant authorities. (mfo)
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