Japanese oil giant Eneos flags green ambition with $1.8bn swoop for Goldman Sachs-owned JRE

The largest Japanese oil group, Eneos, announced a major move in the energy transition with the purchase of developer Japan Renewable Energy (JRE) from Goldman Sachs.

Eneos said the purchase will underpin its plans to become a significant player in renewables at home and overseas, with ambitions spanning onshore and offshore wind, and solar.

JRE – which Goldman Sachs set up in 2012 and co-owned with Singapore’s sovereign wealth fund GIC– had been the subject of significant interest from Japanese and foreign players since the global investment giant put it up for sale earlier this year.