Linklaters has advised Mitsui & Co., Ltd. (Mitsui) on its agreement to acquire a 49% interest in Kasso MidCo ApS, an affiliate of Denmark-based renewable energy company, European Energy A/S (European Energy), who operates a green e-methanol project through its subsidiary Solar Park Kasso ApS (Kasso).
This project is the world’s first large-scale commercial e-methanol project, producing up to 42,000 tons of green e-methanol annually. The 304MW solar power plant has been constructed and the water electrolyser and e-methanol facility are under construction.
Kasso has secured sales agreements with leading global scale Danish companies, including shipping and logistics company A.P. Moller – Maersk A/S, the LEGO Group and pharmaceutical company Novo Nordisk A/S.
The cross-practice Linklaters team was led by energy & infrastructure partner Hirofumi Taba, with support from TMT/IP partner Paul Joseph, corporate managing associate Annie Chung and energy & infrastructure managing associate Paul Grethe-Watanabe.
Linklaters’ Tokyo-based energy and infrastructure partner Hirofumi Taba commented:
“We are thrilled to have supported Mitsui on its strategic investment, which is a significant addition to its growing pipeline of power-to-X projects. The completion of this milestone transaction is a testament to the strong appetite for investment in the next generation fuel value chain, which we expect to see continued interest and new opportunities globally. Our team is grateful for Mitsui’s continued trust and confidence placed in us and we look forward to continuing to support them in future transactions.”
Linklaters has market-leading expertise across geographies and sectors to advise clients on the full spectrum of energy transition mandates – including wind and solar, hydrogen, bio- and synthetic fuels, batteries and storage, decarbonisation and carbon sequestration, and critical minerals.
