Sojitz Joins Largest Solar Power Project in Mexico
Sojitz Corporation (“Sojitz”) has acquired a 66.7% stake in solar power developer Alten RE Devleopments America (Head Office: Amsterdam, Netherlands) from parent company Alten Renewable Energy Developments (Head Office: Amsterdam, Netherlands), with the aim of operating a solar power plant in Mexico. Through this acquisition, Sojitz now owns a 20% stake in each of Alten America’s two operating companies in the country. These two companies are scheduled to construct Mexico’s largest solar power plants to date, with Sojitz’s participation marking the first time for a Japanese company to join a solar power business in the country.
http://www.sojitz.com/en/news/2017/08/20170809.php