Norton Rose Fulbright advises ENEOS on B2B solar generation Joint Venture with TotalEnergies

Global Press release - Business abril 2022

Global law firm Norton Rose Fulbright has advised Japan-based ENEOS Corporation on its Joint Venture with TotalEnergies to develop onsite B2B solar distributed generation across Asia. 

The Joint Venture will provide solar energy solutions on business sites and facilities to generate renewable energy onsite, while reducing costs and helping meet their customers’ sustainable development goals. 

The ENEOS and TotalEnergies partnership plans to develop around 2GW of additional capacity within the next five years across Japan, India, Thailand, Vietnam, Philippines, Cambodia, Singapore, Malaysia and other countries in Asia Pacific.

This Joint Venture is a landmark deal for ENEOS in its focus on sustainable development, and places the Japanese energy powerhouse at the forefront and cutting edge of renewable energy transition.

The Norton Rose Fulbright international M&A team was led by Sydney-based energy partner Shamim Razavi and Hong Kong-based competition partner Marc Waha, and supported by special counsel Fridoun Chee (Sydney), senior associates Vanda Kaonang (Jakarta) and Nicolas Cassauba (Hong Kong) and associates Tadahiro Suzuki (Sydney) and William McCaughan (Sydney). The team advised ENEOS on all legal aspects of an innovative partnership structure.

Partner Shamim Razavi commented:

“The ENEOS and TotalEnergies Joint Venture will provide companies in Asia with a competitive and cost-reducing solution to low-carbon energy to support them through the global energy transition.

“This is ENEOS’ first overseas distributed renewable generation project and we are pleased to have assisted in its growth with this partnership, placing ENEOS at the forefront of the energy transition.” 

ENEOS develops distributed generation business with the largest renewable power generation capacity in Japan and participates in renewable energy projects in Australia, the United States and Vietnam. TotalEnergies is one of the key players in distributed generation business in Asia, with solar panel procurement capability and a global customer network.

Norton Rose Fulbright has also advised on a range of energy deals, including:


For further information please contact:

Alex Boxsell, Head of Digital, Communications & Experience, Norton Rose Fulbright in Australia

Tel: +61 (0)2 9330 8165  Cell: +61 (0)414 985 556

Angela Han, Digital & Communications Executive, Norton Rose Fulbright in Australia

Tel: +61 (0)2 9330 8610  Cell: +61 (0)438 429 798

Contacts

Partner
Head of Antitrust and Competition, Asia