Macquarie Capital acquires renewable energy company RES Japan

Australia’s Macquarie Group has acquired 100% of renewable energy company RES Japan, giving the Australian investment bank access to a pipeline of onshore wind developments activities in Japan.

Tokyo-based RES Japan, which was a subsidiary of UK’s Renewable Energy Systems (RES) Group, will be rebranded Acacia Renewables and will continue to receive some advisory and technical support service from its parent company in UK.

Macquarie Capital declined to reveal the cost of the acquisition. The acquisition of RES Japan follows Macquarie Capital’s recent agreement to buy UK’s Green Investment Bank for £2.3 billion (US$3 billion).

Hajir Naghdy, head of Macquarie Capital, Asia and the Middle East commented: 

"We are developing projects in the wind, solar, and waste and environmental services sectors in Asia, and this acquisition significantly strengthens our capabilities in Japan, and across the region."

“Macquarie has a substantial and longstanding commitment to the renewable energy and clean technology sectors. We are developing projects in the wind, solar, and waste and environmental services sectors in Asia.”