Kyuden and Development Bank of Japan acquire stakes in Viridor Energy
In a significant development in the global energy sector, Kyuden International Corporation (KIC), a member of the Kyuden Group, together with the Development Bank of Japan Inc. (DBJ), has announced the completion of their acquisition of stakes in Viridor Energy. This move, conducted in collaboration with Equitix, a major UK infrastructure fund, through a joint holding company, marks a pivotal moment in the sustainable energy landscape.
Viridor Energy: A Leader in Energy-from-Waste Facilities
Viridor Energy, recognized as one of the largest waste treatment and power generation companies in the United Kingdom, operates Energy-from-Waste facilities that play a crucial role in addressing the global waste problem. These facilities contribute proactively to achieving a carbon-neutral and circular economy by avoiding environmentally burdensome landfill disposals, thus reducing greenhouse gas emissions and recovering energy in the process.
KIC and DBJ’s Vision for Sustainable Society
With this strategic stake acquisition, KIC and DBJ aim to engage in overseas Energy-from-Waste businesses, aligning their goals with reducing environmental impact and contributing to the realization of a sustainable society. This investment demonstrates a commitment to innovative solutions in energy and waste management.
Strategic Investment in Sustainable Energy: Kyuden and Development Bank of Japan Join Forces with Equitix
Leveraging Expertise and Promoting Sustainability
Kyuden Group, operating since 2005 through Fukuoka Clean Energy Corporation in collaboration with Fukuoka City, brings extensive knowledge and experience to the table. This expertise will be leveraged in overseas Energy-from-Waste businesses, supporting the group’s vision outlined in the “Kyuden Group Carbon Neutral Vision 2050”.
DBJ’s GRIT Strategy and Corporate Philosophy
DBJ’s involvement is part of its GRIT Strategy, aimed at fostering a sustainable society through investments and loans. The project aligns with DBJ’s corporate philosophy of designing the future with financial expertise and pursuing sustainable development for Japan and the world.
The joint venture by Kyuden International Corporation and the Development Bank of Japan in acquiring stakes in Viridor Energy represents a strategic move towards sustainable energy solutions. This collaboration not only strengthens their position in the global energy market but also aligns with the increasing focus on environmental sustainability and waste-to-energy initiatives. The partnership is a testament to the growing trend of cross-border investments in green infrastructure and the collective effort to achieve a carbon-neutral future.