Marubeni buys 102MW US wind farm
Japanese conglomerate Marubeni has bought a 90% stake in a 102.5MW wind farm in California from the US subsidiary of French utility EDF.
Marubeni did not disclose the terms of the deal, but said EDF Renewable Energy will retain a 10% stake in the project.
The Shiloh IV wind farm, located in Solano county between San Francisco and Sacramento, went online in late 2012 using REpower Systems MM92 turbines.
Tokyo-based Marubeni – which is leading the Fukushima Forward offshore floating wind demonstration project in Japan – currently owns roughly 10.4GW of power-generation assets, via stakes in about 33.7GW of projects throughout the world.
It has been particularly active in the renewables sector over the last year.
In December, it sold half of its 49.9% stake in the 172MW Gunfleet Sands wind farm off eastern England to Development Bank of Japan (DBJ).
In November, Marubeni secured its first solar EPC contract for a 2MW PV plant in Okinawa, southern Japan.
And last August, it agreed to buy a 25% stake in Ireland-based developer Mainstream Renewable Power (MRP).