Tokyo Gas invests in Engie in Mexico

Tokyo Gas invests in Engie in Mexico

M&A Energy Renewable Solar Wind Project & Infrastructure Finance Loans Mexico Europe Japan Asia

Tokyo Gas said it has agreed to form a renewable energy joint venture in Mexico with France's Engie for an undisclosed amount. Tokyo Gas and Engie will each own 50% of the new company, called Heolios EnTG, the Japanese firm said in a statement.  Heolios will own and operate six renewable energy projects with 899 MW in total capacity. The projects have 15-year power purchase agreements and 20-year clean energy certificates from Mexico's wholesale power administrator Cenace. Engie is arranging

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