Invis Energy is pleased to announce the sale of a 60% stake in five wind farms to a consortium comprising the Japanese investment and trading firm Sojitz Corporation, Kansai Electric Power Co. Inc. (KEPCO) and Mitsubishi UFJ Lease & Finance Co. Ltd. (MUL).

The five wind farms are located in the Republic of Ireland with a total installed capacity of 223MW. Four of the wind farms are operational and the fifth is under construction and expected to be commissioned in the first quarter of 2018. Financial details of the transaction were not disclosed.

This acquisition represents the first investment in European wind energy for the three consortium members, and is a first step towards developing a large renewables platform in a successful partnership with strong local expertise.

Following completion, the consortium will own a 60% share in the portfolio of projects with Invis Energy retaining a 40% stake.

The Republic of Ireland benefits from one of the best wind resources in Europe, and onshore wind generation capacity is a vital component to insuring energy independence and decarbonisation of the country’s electricity generation fleet.

About Invis Energy

Invis Energy is a leading independent onshore wind business established in 2011. Invis Energy´s vision is to be at the forefront of developing, constructing and operating large-scale, cost-effective, renewable energy projects.

About Sojitz

Sojitz Corporation is a major investment and trading firm in Japan created through the merger of Nichimen Corporation (established in 1892) and Nissho Iwai Corporation (established in 1896) in April 2003. For over a century, Sojitz has operated its global business in diverse industries such as energy, mineral resources, metals, infrastructure, machinery, chemicals and consumer lifestyle, leveraging its worldwide network and alliances with overseas strategic partners. Sojitz conducts its operations in approximately 50 countries around the world through approximately 420 consolidated subsidiaries and affiliated companies located in Japan and overseas. Sojitz Europe Plc is Sojitz’s operating base in Europe, Russia and the NIS region. Sojitz is a publicly listed company on the Tokyo Stock Exchange.

About KEPCO

The Kansai Electric Power Co., Inc. is Japan’s second largest integrated energy and utility company and was established in May 1951. For over half a century, KEPCO has been supplying high quality electric power to the Kansai region. KEPCO owns approximately 40GW of generating capacity with over 170 power plants in Japan, including thermal, hydro, nuclear and renewable technologies.

Based on the technology and experience accumulated over the years, KEPCO is keen to contribute to the stable supply of electric power in other countries through its IPP and consulting businesses. In 1998, KEPCO launched its first IPP project in the Philippines as the first Japanese electric power utility in the country. Since then, KEPCO has been expanding its overseas IPP business not only in Asia but also in the United States. As of now, KEPCO owns (or is developing) 11 power plants in seven countries, with a total net capacity of c.2.2GW.

About MUL

Mitsubishi UFJ Lease & Finance Co. Ltd. is one of the largest Japanese leasing companies and was established in April 1971. Leveraging its unique position as a non-bank finance company with top-class external credit ratings, MUL is diversifying its business portfolio and is active in not only its core leasing and finance business but also other high value added business domains, including areas like eco- and energy-related businesses. MUL has developed industry-leading track records in the Energy Service Company Business (“ESCO”) which helps to save energy related cost and has an edge on the domestic solar power generation business with contracts (total for lease, loan, and equity) totalling over JPY 200 billion (c.USD1.8 billion). Last year, for further business expansion, MUL established a new business department which focuses on investments in global infrastructure projects last year and is expanding its asset portfolio in European renewable sector.