Eurus Energy Acquires Wind Farms Totaling 72.5 MW in the Netherlands, and Agrees on Further Collaboration with YARD ENERGY

TOKYO, Japan and AMSTERDAM and HOEVELAKEN, the Netherlands – 8 November 2016

Eurus Energy Holdings Corporation (“Eurus”), a leading Japanese renewable energy company, and YARD ENERGY (“YARD”), a Dutch-based developer of wind energy projects, today jointly announced the completion of the acquisition by Eurus of nine operational wind farms located in the Netherlands, with a combined capacity of 72.5 MW, developed and managed by YARD. The two companies have also agreed to expand their collaboration for the development and realization of new wind projects.

This is the second successful transaction between Eurus and YARD in a month, following another acquisition by Eurus of two wind projects in Finland, bringing the total acquisitions to 100 MW. Kevin Dijkers, CEO of YARD said: “Both parties have the same ambitions to support the ongoing transition towards renewable energy. This transaction and a long-term collaboration between our companies paves the way to a successful partnership between Eurus Energy and YARD ENERGY leading to bringing many more megawatts online in the coming years.”

The nine wind farms are the first projects for Eurus in the Netherlands, where Eurus maintains its European head office. The Dutch government has set a target to reach 6 GW of onshore wind capacity by 2023 as part of their efforts towards a fully sustainable energy supply. Hideyuki Inazumi, President and CEO of Eurus, said: “I am convinced that our partnership with YARD ENERGY, with their vast capabilities in project development, will enable us to grow our European business to the next level. In particular, we see a large potential in the Netherlands, where renewable energy is strongly supported by the society as a whole.”

Eurus was advised in this transaction by Peregrine as financial advisor, Baker & McKenzie as legal advisor, MECAL and Green Trust as technical advisors, and PwC as tax advisor. YARD was advised by Stek and EBH-Elshof as legal advisors, Horst & van de Graaff as notary, and MTH Accountants & Advisors as tax advisor.

Eurus Energy Acquires Two Wind Farms in Finland from Maas Capital Renewables and YARD ENERGY

TOKYO, Japan and AMSTERDAM and HOEVELAKEN, The Netherlands – 12 October 2016

Eurus Energy Holding Corporation (“Eurus”), a leading Japanese renewable energy company, Maas Capital Renewables (“Maas Capital Renewables”), a dedicated investor in renewable energy, 100% owned by ABN AMRO Bank N.V., and YARD ENERGY (“YARD”), a Dutch based developer of wind energy projects jointly announced today the successful completion of the acquisition of two wind farms in Finland by Eurus from a joint venture of Maas Capital Renewables and YARD.

The two wind farms, Kankaanpäänmäki and Mustaisneva, are located in the Finnish region of Etelä-Pohjanmaa (Southern Ostrobothnia), about 300km to the north of Helsinki. The wind farms, with a total capacity of 27.5 MW, consist of 11 Lagerwey L100-2.5MW direct drive wind turbines with innovative modular steel towers. Maas Capital Renewables and YARD have successfully realized the construction of the two projects under the turnkey contract with Lagerwey. Kevin Dijkers, CEO of YARD said: “The close co-operation of YARD with the ‘Orange team’ comprising of Maas Capital Renewables as equity partner and the Rabobank - Atradius combination for debt financing, was instrumental in the successful construction of the wind farms using state-of-the-art Lagerwey wind turbines. We are confident that our new partnership with Eurus will lead to tremendous growth and success in Finland, along with other European countries.”

The two wind farms are Eurus’s first projects in Finland, and now extend the Eurus global operational renewable project portfolio to 10 countries. The Finnish government aims to increase the share of renewable energy to more than 50% by 2030, and is currently preparing a new support scheme to achieve this goal. Hideyuki Inazumi, President and CEO of Eurus Energy Holdings, said: “We believe the new support scheme will pave the way for steady growth of wind power in Finland. We are glad to enter the Finnish market with these two excellent projects, and will seek further opportunities in Finland as part of our growth strategy in Europe.”

Eurus was advised in this transaction by Peregrine as financial advisor, Baker & McKenzie and Hannes Snellman as legal advisors, and PwC as tax advisor. Maas Capital Renewables and YARD were advised by Stek and Krogerus as legal advisors.


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