Norton Rose Fulbright advises Tokyo Gas on its entrance into the renewable energy business in Europe

Global law firm Norton Rose Fulbright has advised Tokyo Gas on its establishment of a subsidiary in Denmark and the joint development of renewable energy in the Nordics in collaboration with EWII S/I, through a strategic investment via TG Nordic.

Tokyo Gas will acquire 50% of EWII Production A/S, a subsidiary of EWII engaged in the development and management of renewable energy, via TG Nordic, Tokyo Gas's new subsidiary in Denmark. After completion of the acquisition, EWII Production A/S will be renamed "TOWII Renewables A/S" ("TOWII"). EWII and Tokyo Gas will jointly develop renewable energy assets not only in Denmark, but also in other Nordic countries, and will contribute to de-carbonization of the Nordics by aiming to develop 1 GW of renewable energy in the region by 2030.

The Norton Rose Fulbright team was led by London-based partner Julien Bocobza and Tokyo partner Sam Inohara.

Julien Bocobza commented: "We are pleased to have helped Tokyo Gas on its entrance into the renewables business in Europe and to contribute towards its net zero targets and the de-carbonization aims of the Nordics."

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