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Author: Sam Allcock
Sojitz Corporation has taken a significant step into the Irish energy market by finalising a share purchase agreement for a substantial stake in New Measured Power Ltd, known as Pinergy. This move comes through Sojitz Corporation of Europe B.V. and follows a similar investment in Nexus Energia S.A., a Spanish electricity and gas retailer, marking Sojitz’s second foray into electricity retail in Europe. Subject to regulatory approvals from Irish authorities, Sojitz is set to acquire a 98% stake in Pinergy by January 2025, making it a consolidated subsidiary of the Sojitz Group. Sojitz aims to leverage its expertise in renewable…