Orix Corp in talks to buy renewable developers for US$1bil or more


Orix has pushed into RE in recent years, an area where it sees significant growth potential. — Bloomberg

TOKYO: Orix Corp is in discussions to buy renewable energy (RE) developers in the United States and Europe, as the Japanese financial conglomerate seeks to meet growing demand for cleaner power from multinational clients like Amazon.com Inc.

Individual deals could top US$1bil, although Orix is proceeding cautiously, Hidetake Takahashi, head of energy and eco services at the firm, said in an interview.

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