Backers including Goldman Sachs have hoisted a ‘for sale’ sign at Japanese wind and solar developer Japan Renewable Energy (JRE), according to reports.
Financial newswires Bloomberg and Reuters cited multiple unnamed sources familiar with the matter as they reported the sale effort.
JRE – owned by the investment giant and Singapore’s sovereign wealth fund GIC – operates 419MW of mostly solar plants in the Asian island nation and is developing a further 410MW of onshore wind and PV.
