The deal is the Japan-based company’s first overseas distributed renewable generation project
Norton Rose Fulbright (NRF) has guided Japan-based energy company ENEOS Corporation on its joint venture with TotalEnergies.
The JV is ENEOS’ inaugural overseas distributed renewable generation project, according to co-lead partner Shamim Razavi. The purpose of the venture is to develop B2B solar distributed generation throughout the APAC region with the cultivation of approximately 2GW of additional capacity in the next five years across countries like Japan, India, Thailand, Vietnam, the Philippines, Cambodia, Singapore and Malaysia.
“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,” Razavi explained.
By enabling businesses to generate renewable energy on site through the solar energy solutions for sites and facilities, the venture helps companies to cut down on costs while aiding customers in attaining their sustainable development objectives. This initiative is in line with ENEOS’ sustainable development focus.
Sydney-based Razavi led a global NRF team that provided guidance to ENEOS with regard to all legal aspects of what the firm described as “an innovative partnership structure.” Hong Kong competition partner Marc Waha was at the helm as well.
The partners received support from special counsel Fridoun Chee (Sydney); senior associates Vanda Kaonang (Jakarta) and Nicolas Cassauba (Hong Kong); and associates Tadahiro Suzuki (Sydney) and William McCaughan (Sydney).
